CoinMeta data: An investigation into Bitquery links 56 memecoin projects on the Robinhood chain to a $15.5 million fraud incident. The report analyzed activities up to September 23 and found that most of the market activity occurred on the Pons platform, which sold new tokens using a binding curve, allowing early buyers to enjoy the lowest prices. Bitquery also noted that tax exemptions for wallets greatly reduced the effectiveness of preventing early purchases. By September 28, buyers had lost approximately $13.3 million, while the group's wallet earnings approached $11.4 million.