Page 4 · HIMS
Cornered harder, back on peg by morning
A memecoin took about 81% of the tokenized supply of Hims & Hers Health, more of the float than ABSOLUTE CINEMA ever took of AMC. The token reached 4.25 times the share price and was back at parity within nine hours. Comparing the two weekends isolates what actually repairs a peg.
4.25×
the hourly high late on Sunday 30 August — $122.60 against a $28.84 close
1.03×
by 07:00 UTC on Monday, before the market opened
81%
of the tokenized supply reportedly absorbed by one memecoin pool
Boner Coin trades only against tokenized HIMS. Buying it requires buying the stock token first, and the pool keeps what comes in. Traders on X counted 12,284 of about 15,227 tokenized HIMS inside that pool by early Monday, roughly four fifths of everything in existence.
The main HIMS market against USDG was left with about 92 tokens on one side and roughly $135,000 of stablecoin on the other. A price struck on a pool that thin describes very little, and the price it struck was about $39 against a Friday close of $28.84.
Measured from the hourly series, the peak hour ran to $122.60 and closed at $39.67. That closing figure matches the number traders were quoting to within a few cents, which is a useful check on both.
The correction
The supply doubled, and the premium went away
A first reading of the AMC page suggests HIMS survived because its stablecoin market was deeper. HIMS does carry about seven times the stablecoin liquidity of AMC, and that helped. It is not what fixed the price.
New tokens were issued. Traders watching the mint tracker reported supply moving from 15,227 to 29,765 during the night. Read from the chain at block 50,697,750, the figure is 32,524.627 tokens, about 2.1 times the mid-squeeze count and still rising between two reads minutes apart.
AMC over the same hours stayed at 17,167.045 tokens, matching the independent snapshot to the thousandth. One issuer response came during the weekend and one did not, and the two tokens ended the weekend in different places. AMC’s own mint arrived on Monday, once the market was open to buy the shares behind it, and its premium closed then. The timing is the argument.
| Token | Supply now | On 31 August | Change | Premium |
|---|---|---|---|---|
| HIMS | reading… | 32,524.627 | — | 1.03× |
| AMC | reading… | 17,167.045 | — | 0.97× |
Filed reading 31 August 2026, 07:51 UTC, block 50,697,750 · live figures load when the chain answers
The baseline column is the pre-open reading of 31 August. Supply now is a totalSupply() call against the public Robinhood Chain node, made when the page is requested, so the comparison stays true after this was written rather than only on the day.
HIMS keeps about five times AMC's share of its liquidity in a dollar market
Share of each stock's on-chain liquidity by what the stock is paired against.
Source: GeckoTerminal API, 31 August 2026, 07:51 UTC. Pools whose reserve no trading supports are excluded.
The counterparties
Twelve memecoins, all denominated in HIMS
The pairings follow the company. Hims & Hers sells treatments for hair loss and weight, and the tokens paired against it take their names from that subject matter. Norwood is the clinical scale for male-pattern baldness. Retatrutide is an experimental weight-loss drug.
| Token | Name | Pool liquidity | 24h volume |
|---|---|---|---|
| BONER | Boner Coin | $2,077,631 | $11,044,488 |
| PEPETIDES | PEPETIDES | $55,562 | $156,766 |
| HES | Hes/Hims | $54,122 | $40,236 |
| TRBNR | TURBONER™ | $33,511 | $67,421 |
| FAT | FAT | $33,489 | $6,041 |
| VIAGRA | Viagra | $31,571 | $52,983 |
| HERS | hers | $30,744 | $187,920 |
| PEPTIDES | Peptides | $27,518 | $0 |
Boner Coin at $2,077,631 is the largest memecoin-to-stock pool on either of the two tickers. Its stablecoin counterpart, the market that repairs prices, was $1,021,301.
The limit
None of this reached the actual stock
Several traders argued over the weekend that on-chain demand would force Robinhood to buy real shares, and that buying could squeeze a heavily shorted stock. The mechanism exists. The scale does not support it.
About 15,000 tokens were in play against roughly 225 million shares outstanding. Even after the overnight issuance the tokenized supply is 32,525 units, a rounding error against the register. One trader on X made the same point before the open, describing the whole episode as a squeeze that happened in a kiddie pool.
A reflexive effect is harder to dismiss and impossible to measure from pool data. What the numbers support is narrower: a memecoin moved the price of a stock token, and the company it names was untouched.
The largest pool of this kind on the chain belongs to a token whose treasury claims a route to a seat on NVIDIA’s board. That claim is tested on the next page.