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Crypto Traders Are Pairing Meme Coins With Stocks on Robinhood—And It's Working (Sort Of)

DE
Decrypt Editorial
(07:16 PM UTC)
1 min read
EW
Verified byEmily Watson

In brief

  • A meme coin called BONER cornered 53% of the tokenized Hims & Hers Health shares on Robinhood Chain over the August 30 weekend.
  • The move briefly sent the wrapped stock to $132.64 against a real Friday HIMS close of $28.84.
  • The real HIMS stock barely moved, trading near $29 on Monday, but the pattern has spread across Robinhood Chain, where meme coin-stock pairs generated $217 million…

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