Bitquery expanded an investigation into a suspected operation targeting 56 memecoin launches on Robinhood Chain between July 10 and Sept. 23, estimating approximately $15.5 million in net proceeds, or $12.4 million under its strictest accounting method. The estimate differs from pseudonymous analyst Wazz’s earlier figure of at least $18.43 million from 53 launches through Sept. 21. Most activity centered on Pons, a launchpad whose bonding curve sets early prices and whose 99% initial purchase tax can be waived for designated wallets. Bitquery found that 25 exempt wallets acquired about two-thirds of DEED’s supply in the following block after 92 new addresses were funded, while Pons collected only 1.9 ETH in snipe tax across 35 linked launches. The findings have not independently established attribution or reconciled the differing estimates.