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How a third-party factory copied NOXA’s on-chain identity, launched ~1,800 tokens under a misleading badge, and collected fees from users — while multi-million-dollar platforms failed to notice.
I traced the contracts, owners, funding and fee routing.
Here’s what happened 🧵
Dev of Grimace and few other coins that run in 2022 bearmaket just launched his reberth token on Pons
Robinhood
Grimace - 100kk market cap
SEX - 500kk market cap
0x296293317f67da4f333968bb86928681e26b77fa
links 🔽🔽🔽
a thread — how people in the Odyssey 100-1000x'ed their balances and how they'll do it again
in may '23 i became a developer & MM of my own 10+ memecoins, notably $GRIMACE and $SEX. ATH at $100M and $500M mcap.
now i'm willing to repeat the cycle.
Most importantly: is it already on-chain?
No, the launchpad contract has just been deployed on the blockchain with no factory set, no tokens can be created.
How it will play out: deployed right after the mints are unlocked, with the UI being open and the official launch.
StonkBrokers just launched.
Their own UI explicitly said the launch was live.
The launchpad opened, users created tokens, and real ETH trades filled onchain.
Now they’re saying it was “just testing” and the launch isn’t happening today.
But the chain already recorded what happened.
6/
What apparently happened is simple:
The team forgot to enable the sniper gate, watched public wallets get in, and immediately shit themselves.
So the launch that their own UI had just announced was suddenly rebranded as “testing.”
Circle’s @arc bridge isn’t open to the public yet
But the on-chain queue is already stacking up
Nearly $785K in USDC has been pre-burned via CCTP toward Arc and is now sitting in pending attestation — ready to mint the moment the receive side goes live
→ 1,146 unique wallets
→ 7,727 burns
→ $785K queued
Ethereum leads by volume with $380K
Base leads by users with 941 wallets
Nothing has landed on Arc yet
Its receive side is still closed
But Arc won’t open from zero
The moment the bridge goes live, it inherits an already-loaded wave of capital, users, and transactions
Arc is launching with demand already preloaded
Data: on-chain CCTP DepositForBurn events targeting Arc’s domain across all source chains
noxa ran Robinhood Chain like it owned the deed. Then July 15 happened.
pons did nearly 5x in 24 hours, ate a third of the entire chain's volume in one day, and closed right in on the king.
Two weeks of the war, sped up 👇
It's officially been 2 weeks since Robinhood Chain went live.
Since then: • 1.8B$+ has been traded in launchpad tokens. • 15M+ trades have been executed. • 27 launchpads have entered the race.
Here's how dominance has shifted from Jun 30 to Jul 14:
Which launchpad gonna win the race?
Tag them in comments
I sent Axiom the full on-chain trail:
— real and copied factories
— contract owners
— wallet funding
— identical selectors
— absence of NOXA links
— actual fee destination
Their response: the team would investigate and sort it out.
This is the level of verification that should have happened before the badge was shown to users.
So they did solve within an hour
Crypto platforms love to market execution speed, smart routing and advanced infrastructure.
But when it came to answering three basic questions —
Who owns the factory?
Who funded it?
Who receives the fees?
— apparently nobody checked.
A copied selector was enough to manufacture legitimacy.
Platforms earning millions per month should not need users to conduct their security investigations for them.