Robinhood Chain Scams, Measured: What 16,000 Scans Found in a Month

You have read the headlines: honeypots, vanishing tokens, copycat tickers, a chain barely three months old and already a scam wave. Every one of those stories quotes a victim. None of them counts anything. We run a scanner on Robinhood Chain that reads the contract, the deployer and the pool for every token it is pointed at, and it keeps the findings. So here is the same story with the numbers attached: what actually shows up when you look at 16,000 tokens in a month, how often, and what each finding means for the person about to press buy.

What we measured

Between August 21 and September 20, 2026, PumpPill's Robinhood Chain scanner produced a verdict for 16,191 distinct tokens. Each scan reads the chain directly: is the contract source verified, who still holds the owner keys, where the liquidity sits and whether it can be pulled, how the top wallets are distributed, and what the deployer shipped before. Every finding carries a severity, and the worst findings set the token's structural risk.

Here is how those 16,191 tokens came out, one verdict per token, using its latest scan:

• MEDIUM risk: 9,428 tokens (58%)
• LOW risk: 4,224 (26%)
• UNKNOWN, meaning the read could not complete: 1,247 (7.7%)
• HIGH risk: 806 (5%)
• CRITICAL risk: 486 (3%)

So roughly one token in twelve carries a HIGH or CRITICAL read. That is not "most tokens are scams". It is also not rare. It is enough that if you buy a dozen tokens on the chain without checking, you have probably held one of them.

The five shapes, and how often each one appears

A HIGH or CRITICAL verdict is a set of findings, not a feeling. These are the findings the scanner logged most often in the same 30 days, with the count of scans that carried each:

1. The contract source is not verified: 8,202 scans. This is the most common finding on the chain by a wide margin. Verification means the source code was published to the block explorer and matches the bytecode on chain. Without it, nobody outside the deployer can read what a transfer actually does. Most unverified contracts are lazy, not malicious. But the "vanishing token" trick that made headlines on this chain depends on nobody being able to read what the transfer function does, and an unverified contract is how that is arranged.

2. The top ten wallets hold most of the supply: 4,691 scans. The scanner flags a token when the ten largest holders control more than the chain's own baseline. On many of these the number is not 40 percent but 98 or 100 percent, which usually means the supply never left the deployer's cluster. The token has a price; it does not have holders.

3. The owner still controls the contract: 4,529 scans. An owner key that has not been renounced can, depending on the contract, change fees, block transfers, or mint. On its own this is a finding, not a verdict. Combined with an unverified contract it is the exact shape of a honeypot: you cannot read what the owner can do, and the owner can still do it.

4. The deployer already abandoned a prior token: 3,689 scans. The scanner keeps a record of what each deployer wallet shipped before, and whether those pools are now empty. One abandoned token is a warning. Five or more, which the scanner logs separately as a serial deployer, appeared in 406 scans. That is a launch-and-leave operation, and the next launch will end the same way.

5. The pool is too thin to exit: 2,244 scans. A token can be honest and still trap you. If the pool holds a few hundred dollars of ETH, a sale of any size craters the price, and the number you saw on the chart was never a number you could sell into. This is the finding that catches people who checked for a honeypot and stopped there.

Two more, less common but worth naming: liquidity tokens that were never burned or locked, so the pool can be pulled (215 scans), and a deployer funded with a suspiciously round amount of ETH, the signature of a scripted wallet farm (284 scans).

What the copycats look like from the index

The scam that news coverage describes most is the copycat: a token with the same ticker as the one you meant to buy, at a different address. Our token index for Robinhood Chain holds 436,000 contracts, and it can count how many share a name.

• 313 contracts use the ticker CASHCAT. One holds a $5.4 million pool. The other 312 are not it.
• 834 contracts use the ticker VLAD.
• 643 use HOOD, and 330 use ROBINHOOD outright. Robinhood has no chain token. Every one of those 330 is unaffiliated, and most of them are dead.

The point is not that the real one is hard to find. It is that a ticker is not an address, and the app you bought it in will happily show you the wrong one by name. We publish a page per ticker that names the single contract holding the liquidity and counts the rest without listing them, because a list of scam contracts is a directory for the next victim. Search pumppill.org/rh/ticker/ followed by the ticker.

What to do with this before you buy

The practical version of the numbers above fits in four questions, and the scan answers them in order:

1. Can it trap me by design? Is the source verified, is the owner key renounced, are there transfer restrictions a reader can see. If the answer is "cannot read", treat that as a no.
2. Has the smart money already left? Did the launch buyers, the ones who got in during the first blocks, already sell into you. The scanner reads the launch and the early sells.
3. Can I get out? How deep is the pool relative to what you would put in, and is the liquidity locked, burned, or pullable.
4. Is there anything actually here? A site, docs, code, a product that runs. On this chain, tokens with something shipped have reached a doubling far more often than pure memecoins, and the difference is large enough to change how you size.

Paste any Robinhood Chain contract into the scanner at pumppill.org/rh and you get those four answers with the evidence behind each. A clean read is evidence, not a recommendation, and a failed read is reported as unknown rather than turned into a flag. That last part matters more than it sounds: a scanner that cannot say "I could not see this" will tell you a token is clean when it simply did not look.

Method

Counts are from PumpPill's own scan table for Robinhood Chain (chainId 4663), latest scan per token, August 21 to September 20, 2026. Finding counts are per scan, so a token scanned three times counts three times in the finding tallies and once in the verdict split. Ticker counts are from the index of every ERC-20 pool we have observed on the chain's DEXs. The live figures, recomputed hourly, are at pumppill.org/rh/stats.