A Robinhood Chain memecoin paired directly against tokenized $HIMS sucked up ~80% of the tiny on-chain HIMS float over the weekend and…
A Robinhood Chain memecoin paired directly against tokenized $HIMS sucked up ~80% of the tiny on-chain HIMS float over the weekend and pushed its price to a ~37% premium vs the NYSE close while the stock markets was closed Authorized participants are now minting more HIMS tokens against real shares as the pool keeps absorbing them *This is a a float squeeze of the wrapper, not a NYSE short squeeze Source Source 2
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