The BONER memecoin has absorbed more than half of the tokenized shares of Hims & Hers on Robinhood Chain. The token price hit $132.64 over the weekend while the NYSE was closed, roughly four and a half times the actual stock price of around $29. BONER’s market capitalization stands at $41.3 million, or 24 times the value of the entire tokenized float worth just $1.73 million. The mechanism works by moving HIMS tokens into the liquidity pool with every BONER purchase, removing tokens from circulation. BBVI, the sole authorized participant able to mint new tokens, issued approximately 4,000 new tokens to close the price gap by midday Monday.
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