Bankless · Friday, September 4, 2026
A new trend on the Robinhood chain involves pairing meme coins with tokenized stocks, especially micro-cap companies. This has led to significant volatility and losses for investors when the meme coins de-peg from their underlying stocks, particularly over weekends.
“So there's this weird meta that has now transfixed people trading on Robinhood chain, which is this pairing of meme coins to stocks, especially these kind of micro cap stocks.”
“And then on Monday morning, once the market opens, people realize like, oh wait, this thing is de-pegging from the underlying stock by like 400%. And of course, what's going to happen is that people are going to start minting the actual underlying stock, selling into the people on Robinhood and destroying the meme coin.”
“The fact that this is becoming a meta all of a sudden on Robin Hood chain. Now, to be clear, this is not the only thing people are doing on Robin Hood. There's more conventional meme coins like Cash Cat, right? Cash Cat is just a meme coin. You can buy it. It's like Doge or whatever, any of these other meme coins. And that, I have no problem, but that's totally fine.”