Reddit Posts
Mentions
The AMC fight is the loud part. The mechanic underneath it is bigger. On these pools the stock token is the quote asset, so buying the meme buys the stock token first. BONER took 53% of the tokenized HIMS float over a weekend and printed the wrapper at $132.64 while the real stock closed at $28.84 on Friday. Nothing happened to HIMS. The wrapper just had no live price to check against. By Sept 1 there were 432 pools like this holding \~17% of the onchain float across 19 tickers. On Sept 2 they did $217M vs $127M for the stock tokens themselves. On the NVDA side, Artificial Inu alone sits on 16-23% of every tokenized NVDA share on the chain. The memes aren't trading against the stocks anymore. They've become the stocks' main market. Same structure works without a pool, though. A bonding curve holds its reserve inside the contract instead of borrowing it from an LP, so there is nothing to pull and the reserve is readable at any block. That's what Satohood does, with tokenized NVDA as the reserve asset. Same denominator, different failure mode.