According to a Bloomberg report dated October 2, 2026, memecoin trading tied to Robinhood Markets stock tokens has reached $440 million on the Robinhood Chain. Launched on July 1, 2026 to tokenize real-world assets, this blockchain was diverted from its original purpose by traders who massively speculated on memecoins paired with stock tokens. On September 2, 2026, memecoin and stock token pairs generated $217 million in volume, compared to $127 million for direct stock token trading. The most striking case involves the BONER memecoin, which controlled approximately 53% of the tokenized HIMS float, pushing its price well above that of the underlying share. This situation highlights the risk of disconnection between stock tokens and the actual prices of the shares they represent.
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