GoPlus has identified a high-risk fraudulent Meme factory operating on Robinhood Chain that generated over $9 million in volume across hundreds of tokens in the past 30 days. The associated consolidation address currently holds approximately 56 ETH ($148,000) and has processed roughly 3,589 ETH ($9.49 million) in two-way transaction volume over its latest 400 transactions. The operation exploits industry hot topics to create tokens, distributing them to numerous new externally owned accounts with minimal transaction history before executing segmented sells via PonsV2Helper and UniversalRouter. Proceeds are drained to the consolidation address to fund subsequent projects. While on-chain researcher Wazz previously documented a separate group cashing out $18.43 million through 53 token issuances on the same chain, GoPlus states there is currently no evidence linking the two operations despite similar fraud patterns.