Robinhood Stock Tokens See More Memecoin Trading Volume

CryptoSlate posted data indicating that Robinhood stock tokens generated $217M in volume as memecoin trading pairs versus $127M as stocks on September 2. One HIMS-linked pool absorbed 53% of the tokenized float and briefly lifted the token to 4.6x the underlying share price. The activity forms part of ongoing tests where traders convert the permissionless blockchain versions of stocks into liquidity for continuous 24/7 crypto markets.