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

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

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 in trading volume on September 2.

A meme coin called BONER locked up more than half the tokenized shares of Hims & Hers Health on Robinhood’s blockchain over the weekend of August 30. The stunt briefly pushed the wrapped version of the stock to $132.64, more than four times Friday’s real close of HIMS stock at $28.84.

The actual HIMS shares barely…

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