Front page · Special report · Robinhood Chain
When a memecoin sets the stock price
Robinhood Chain went live on 1 July 2026 to put real shares on a blockchain. Memecoins took it over, and they trade against the shares rather than against ether. Over the weekend of 29 to 31 August that arrangement pulled two stock tokens away from the companies they track. Both are back at their share prices now. The same thing brought them back, and it could only happen once the market opened.
The latest · each line links to the full account
- Aug 31AMC's tokenized supply rose sevenfold during Monday's session, and the premium closed 17,167.045 tokens before the opening bell, 127,206.905 by the evening. The token had traded at more than four times the share price all weekend and is now at about parity. The supply watch below reads both numbers from the chain.
- Aug 31AMC's token opened the week at 0.97 times the price of the share it tracks The peg broke on Sunday evening and no new AMC was minted over the weekend, which left the tokenized supply at 17,167.045 until the market opened.
- Aug 31HIMS was cornered harder than AMC and is back at parity A memecoin took about 81% of the tokenized supply and the price reached 4.25 times the share. New tokens were minted overnight and the premium went away.
- Aug 30A memecoin called ABSOLUTE CINEMA took AMC to $187.21 AMC Entertainment closed Friday at $2.59. The token reached 72.28 times that in the hour to 19:00 UTC, on a float worth about $44,500 at the real price.
- Aug 30A memecoin treasury said it was on course for a seat on NVIDIA's board Artificial Inu runs the largest memecoin-to-stock pool on the chain, worth $10.3M. Its own website says the token does not represent NVIDIA equity.
- Aug 31Seven tokens on the chain answer to the name AMC Entertainment Holdings Inc None of them is Robinhood's. The genuine one is distinguishable by a suffix in its name and by a supply that is not a round billion.
The two numbers · read from the chain, now
AMC · on-chain price ÷ real share price
A share priced at $2.59 is $2.51 on Robinhood Chain.
Filed reading 31 August 2026, 07:51 UTC · live figures load when the chain answers
HIMS · on-chain price ÷ real share price
A share priced at $28.84 is $29.83 on Robinhood Chain.
Filed reading 31 August 2026, 07:51 UTC · live figures load when the chain answers
Both stocks were closed for the same weekend and both tokens were cornered by a memecoin. What separates them is on the HIMS page. The hourly highs were 72.3× for AMC and 4.25× for HIMS.
The supply watch · the report’s open question, read live
A dislocated stock token returns to its share price when the issuer mints more of it. Through the weekend HIMS was minted and AMC was not, and AMC held its premium until Monday. Both have since been minted heavily. The table reads the supply from the chain on every visit, against the pre-open baseline of 31 August.
| Token | Supply now | On 31 August | Change | Premium |
|---|---|---|---|---|
| AMC | reading… | 17,167.045 | — | 0.97× |
| HIMS | reading… | 32,524.627 | — | 1.03× |
| NVDA | reading… | 44,842.586 | — | 1.01× |
Filed reading 31 August 2026, 07:51 UTC, block 50,697,750 · live figures load when the chain answers
Both tokens left their share prices over the weekend, and both were back once the market opened
Hourly close as a multiple of the last real print, Friday 28 August, through Monday's session. Logarithmic axis.
Source: GeckoTerminal API, pools amc/WETH 5% and HIMS/USDG 0.9%; NYSE closes of 28 August 2026
The report · 6 pages
A memecoin on this chain is bought with a stock token, so every purchase locks another share into a pool. The tokenized supply of a company runs to a few thousand units, which makes it cheap to absorb almost all of it. When that happens on a Saturday, nobody can correct the price, because correcting it means issuing new tokens and issuing new tokens means buying real shares from an exchange that is shut. Across 484 pools on three stocks, AMC does most of its trading against memecoins and HIMS does most of its against a dollar stablecoin. That is the difference the weekend exposed.