Host says Robinhood Chain stock-token premium collapsed after issuer minted new tokens
What was said
"So, what happened Monday morning with him? Well, the issuer minted about a thousand new tokens. That's it. a thousand. The premium collapsed in minutes. Within two hours, the 4x premium was gone entirely."
The host says a weekend price dislocation in a Robinhood Chain tokenised stock (described as tokenised HIMS) faded quickly once markets reopened and additional tokens were minted. In the segment, the host says the issuer minted “about a thousand” new tokens on Monday morning, after which the on-chain premium “collapsed in minutes”, and adds that over roughly two days the on-chain float expanded by about 4.8 times. The host argues this suggests the much-hyped “GameStop 2.0” squeeze narrative is overstated at current scale, with the main impact falling on on-chain traders rather than forcing a sustained squeeze in the underlying listed shares.
Verification status
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Speaker
- Unknown (host) · host
- Programme
- Lark Davis
- Episode
- Crypto Is About To Short Squeeze Wall Street (GameStop 2.0)
- Clip time
- 10:36
- Original source
- Watch the source segment →