Hunter Biden, son of former President Joe Biden, is gearing up to launch a meme coin named after his infamous laptop controversy, according to a report published on Monday.
‘Laptop’ Returns as MemecoinThe coin, dubbed LAPTOP, is slated to make its debut on Wednesday on Base, a Layer 2 blockchain developed by Coinbase Global Inc. (NASDAQ:COIN), the Wall Street Journal reported, citing people familiar with the matter.
The coin’s name references the scandal that erupted after the discovery of Biden’s personal laptop in 2020. The laptop contained messages detailing his foreign business transactions and explicit photos, which were eventually made public, leading to a wave of investigations, conspiracy theories and digital media content.
The founders, including Hunter Biden, will retain 30% of the one billion tokens issued, the report mentioned. These founder tokens will be locked for six months, meaning they cannot be sold during this period, and will fully vest in two years.
Hunter Biden teased the memecoin in a short video on X that stitched together news clips, New York Post headlines and accusatory statements from President Donald Trump.
Hunter Biden didn’t immediately return Benzinga’s request for comment.
Memecoins launched by politically influential figures are nothing new. The Trumps themselves have released their own, including Official Trump (CRYPTO: TRUMP) and Official Melania (CRYPTO: MELANIA).
However, both of these have recorded significant drawdowns since their post-launch frenzy.
Trump made over $635 million in royalties collected from his official memecoin, according to official disclosures. Meanwhile, people who bought it at the peak lost 97% of their money.
Notably, the WSJ report mentioned that 20% of LAPTOP’s supply will be distributed, in two batches, to wallets of people who lost money on TRUMP.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
TLDR A new memecoin named LAPTOP, created by Hunter Biden, debuts September 9 on Coinbase’s Base blockchain with 1 billion tokens in circulation. An airdrop comprising 20% of total supply targets holders of the TRUMP token, along with Substack followers and select mailing list recipients. The project’s founding members will control 30% under a six-month lock followed by a two-year vesting period. A burn mechanism could destroy up to 30% of tokens based on triggers like Bitcoin reaching new peaks or Democratic victories in 2028. Data reveals approximately 989,000 TRUMP token wallets have suffered combined losses exceeding $3.81 billion since the token’s January 2025 debut. The son of former President Joe Biden, Hunter Biden, is set to introduce a cryptocurrency token dubbed LAPTOP, scheduled for release on September 9. Built on Base—Coinbase’s proprietary blockchain infrastructure—the project will mint one billion tokens at launch.
Coverage from the Wall Street Journal broke the story on September 7. Biden used X to tease the upcoming release, sharing the $LAPTOP ticker symbol before the midweek launch.
The token’s branding draws from Biden’s personal laptop, which sparked significant political debate during the 2020 election cycle. Media outlets contested the authenticity and significance of the laptop’s data in the period preceding the electoral contest between his father and Donald Trump.
Distribution Breakdown and Eligibility Core team members will receive 30% of the total allocation. This portion faces a six-month lockup period, after which it unlocks incrementally across 24 months.
JUST IN: Former U.S. President Joe Biden’s Son Hunter Biden to Launch LAPTOP Meme Coin
According to The Wall Street Journal, Hunter Biden, the son of former U.S. President Joe Biden, plans to launch a meme coin called LAPTOP on Coinbase’s Base network on September 9, with a… pic.twitter.com/c0aK4Je0rX
— Wu Blockchain (@WuBlockchain) September 7, 2026
An additional 20% has been earmarked for distribution through two airdrop phases. Qualification extends to individuals who experienced financial losses on Trump’s TRUMP memecoin. The distribution list also encompasses Hunter Biden’s Substack audience, his personal network, and supporters of video journalist Andrew Callaghan.
The allocation plan designates another 20% for philanthropic initiatives, liquidity provisioning, exchange partnerships, market making operations, plus legal and administrative expenses.
The final segment connects to an innovative burn protocol. As much as 30% of the entire token supply faces potential permanent removal from circulation should any of 30 predetermined scenarios materialize within designated windows.
Conditional Burns and Supply Mechanics These scenarios encompass events such as a Democratic candidate securing the 2028 presidential race, Bitcoin establishing a fresh record high, and LAPTOP’s theoretical market cap exceeding TRUMP’s valuation.
Should any trigger fail to activate before its deadline, associated tokens will redirect to charitable organizations instead of being eliminated.
The TRUMP token made its entrance in January 2025, coinciding with Trump’s return to presidential office. Following an initial price explosion, the asset has plummeted approximately 97% from its peak valuation.
Analysis from Nansen’s blockchain intelligence platform indicates that close to 989,000 wallets holding TRUMP tokens have accumulated roughly $3.81 billion in total losses—both realized and on paper—through June 2026. Entities affiliated with Trump maintain control over 80% of TRUMP’s supply through vesting arrangements extending to January 2028.
Public Citizen released estimates in August suggesting investors in five Trump-branded crypto offerings faced at least $4.7 billion in aggregate losses. The organization’s research revealed that the most profitable 1% of TRUMP wallets secured approximately $2.7 billion, representing roughly 80% of total profits.
Hunter Biden has openly criticized Trump’s cryptocurrency initiatives. His August commentary labeled World Liberty Financial as “corruption at a scale we’ve never seen,” drawing parallels to the collapsed FTX exchange.
In August, Democratic Senators Elizabeth Warren and Richard Blumenthal formally requested Securities and Exchange Commission scrutiny of TRUMP, highlighting investor damages and Trump’s financial benefits from the venture.
This LAPTOP debut arrives as Congressional lawmakers gear up for a vote on the Digital Asset Market Clarity Act. The Senate has calendared a cloture vote for September 15.
The SEC has communicated in prior statements that meme tokens typically fall outside securities classification under current regulatory frameworks.
Hunter Biden’s $LAPTOP launches on Base Sept. 9 with Trump-loss airdrops, prediction-linked burns, and immediate online backlash.
Hunter Biden is launching $LAPTOP, a memecoin named after the laptop controversy that followed him through the 2020 election, on Base Wednesday.
What’s the scoop?Hunter Goes Onchain: Biden confirmed the launch Monday after the Wall Street Journal broke the news. $LAPTOP has a fixed 1B supply, with founders, including Biden, receiving 30%, 20% reserved for airdrops, 30% for its prediction mechanism, 10% for liquidity, and 5% each for treasury and charity. Around 35% unlocks at launch.Airdrops and Predictions: Of the 10% Day-1 airdrop, 2% is earmarked for users who lost money trading $TRUMP, while 8% goes to subscribers of Biden’s “Where’s Hunter?” Substack. Another 30% of supply is tied to real-world predictions, with tokens burned if specified outcomes occur and otherwise eventually donated to charity.Crypto Isn’t Amused: The announcement drew sharp backlash across Crypto Twitter, including criticism of Kraken after it promoted the token. Despite launching on Base, neither Base nor Coinbase endorsed the project. Jesse Pollak said Base declined to help with its design or amplification, stressing that Base is permissionless.Channel 5 Distances Itself: The WSJ initially reported an Andrew Callaghan-curated mailing list would qualify for the airdrop. Channel 5 responded that it had “nothing to do with” $LAPTOP, though it acknowledged providing Biden a mailing list to help expand his audience.thoughts on memecoins & hunter biden’s laptop coin pic.twitter.com/ZsZGAcqqAO
— Ansem 🐂🀄️ (@blknoiz06) September 7, 2026
David Christopher 703 posts
David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
Memecoin demand is returning as traders move back toward recognizable communities and new launch models. Dogecoin, Shiba Inu, Pepe, and Bonk already trade on public markets, while MemeToro remains in presale.
That difference matters because this list mixes established tokens with an early project whose exchange price and platform delivery are not yet proven.
Five Different Ways to Approach Returning Meme Demand Dogecoin remains the best-known memecoin and often moves with retail interest and broader Bitcoin direction. Shiba Inu adds an ecosystem around its token, but its very large supply and market cycles still shape price action. Pepe depends heavily on culture, exchange liquidity, and social momentum rather than built-in cash flow. Bonk benefits from Solana activity and deep meme trading, although weakness in SOL can reduce demand. MemeToro is building an AI-led launch pipeline on BNB Chain, but $MT is still a presale token. This makes simple price comparisons misleading. Older assets offer trading history and wider liquidity.
MemeToro offers earlier access and public development evidence, but it also carries presale, delivery, and listing risks that the other four have already passed.
DOGE, SHIB, PEPE and BONK Face Different Price Tests DOGE charts have placed $0.15 and $0.22 in focus as possible breakout levels, but those targets depend on Bitcoin holding strength near the high-$70,000 area or above. A failed market breakout could quickly weaken the case for top memecoins to invest in 2026.
SHIB forecasts have pointed toward $0.000018 to $0.000022 under a bullish September scenario. Cold-storage withdrawals can reduce immediate exchange supply, yet they do not prove that buyers will sustain higher prices.
PEPE remains a pure momentum test. Its large community can create fast moves, but limited direct utility means sentiment and liquidity can reverse sharply.
BONK has stronger links to Solana’s trading ecosystem, though that also makes it sensitive to SOL price and network activity.
Where MemeToro Fits Beside the Legacy Leaders MemeToro does not yet have the public-market history of DOGE, SHIB, PEPE, or BONK. Its Stage 7 presale reports $121,171.48 raised toward $156,312.74, with $MT priced at $0.00430.
The displayed $0.05186 launch figure is a target, not a guaranteed listing price.
Its relevant difference is the launch model. The public AI agent pipeline scans trends, publishes evidence and risks, and can refuse unsafe concepts.
A new draft escrow locks funding settings and allows only contributor and liquidity allocations totaling 100%.
The contract is not live, audited, or connected to the agent yet. Token deployment, liquidity execution, testnet trials, and independent review remain future work.
That makes MemeToro the development-led option among the top memecoins to invest in 2026, not the proven option.
FAQs Are these five tokens equally risky? No. DOGE, SHIB, PEPE, and BONK already trade publicly, while MemeToro remains in presale.
Presales add contract, delivery, claim, and listing risks. Existing tokens still face major volatility, liquidity changes, and sharp sentiment reversals.
Can DOGE or SHIB targets be guaranteed? No. Price levels such as $0.22 for DOGE or $0.000022 for SHIB are conditional scenarios.
They depend on Bitcoin, market liquidity, token demand, and technical support. Forecasts are not promised outcomes.
Why include MemeToro in this group? MemeToro offers a different angle through public AI agent code and an early fair-launch contract. Buyers considering top memecoins to invest in 2026 must still wait for the missing executor, testnet deployment, audit, and live-market proof.
The top BNB Chain meme coins 2026 are developing in an ecosystem where low-cost transactions and dedicated launch platforms can make token creation easier. BNB Chain already has established meme-launch infrastructure, including Four.meme.
MemeToro is entering this space with a different model. Instead of focusing only on token creation, it is building an open-source memecoin launchpad around an AI agent and public launch rules.
The project’s GitHub repository identifies BNB Smart Chain as its initial target network. Its architecture is designed to connect AI-generated proposals with transparent blockchain execution.
What MemeToro’s Open Source Launchpad Does MemeToro’s launchpad begins with the AI agent. The agent is designed to scan news, trends, culture, and market signals before producing a meme coin concept.
The project does not intend to stop at a name or image. Its launch-manifest architecture is designed to record evidence, reasoning, token details, funding parameters, and execution rules.
The current pipeline has already been tested in a dry-run environment. Development updates say it can collect signals, check evidence, apply risk controls, and generate a structured draft proposal.
This gives the platform a clear sequence:
Discover a trend Generate a concept Validate the evidence Check launch rules Prepare funding Move toward deployment The goal is to make each stage easier to inspect.
How Fair Launch Escrow Fits In Fair-launch escrow is important because funding is one of the most sensitive parts of a new token launch. MemeToro’s planned system includes fixed-rate funding, wallet limits, funding thresholds, and automated steps for approved launches.
The project also uses validation rules that reject insider allocations. This supports the broader idea that participants should enter under published conditions rather than through hidden private deals.
The launch manifest can help define these rules before a token is deployed.
However, there is an important difference between a planned mechanism and a production mechanism. MemeToro’s current GitHub repository says its contracts are not implemented, audited, or production-ready.
That means users should not assume that every planned fair-launch protection is already active on mainnet.
Where MemeToro Fits Among BNB Chain Meme Coins The top BNB Chain meme coins 2026 will compete across several areas. Community size matters, but so do liquidity, security, launch speed, token distribution, and technology.
MemeToro’s main competitive idea is that an AI agent can help discover meme opportunities while public contracts control the launch process. That is different from a launchpad that mainly provides token creation and trading infrastructure.
Its open-source approach also gives developers a way to inspect the architecture and contribute to the project. The repository is MIT licensed and includes the agent, planned contract structure, manifests, documentation, and security information.
The next important steps are testnet contracts, further development, and independent security reviews.
If those stages are completed successfully, MemeToro could have a clearer technical position within the BNB Chain memecoin market. Until then, it remains an emerging project rather than an established leader.
More Information on MemeToro ($MT) Presale Here:
Hunter Biden said on Tuesday that his official memecoin symbolizes “resilience and redemption” and is meant to compensate users who lost money on the Official Trump (CRYPTO: TRUMP) token.
Biden Converting Infamous Laptop Into a TokenHunter Biden confirmed in an X post that he is launching LAPTOP coin, referencing the controversy surrounding his personal laptop recovered in 2020. The laptop contained messages detailing his foreign business transactions and explicit photos,
“The symbol they used to try to end me is now a symbol of resilience, redemption, and recovery,” said the son of former President Joe Biden. “They turned laptop into a weapon. I turned it into a token.”
What’s the Purpose of LAPTOP?Biden said he understands the “cynicism” around memecoins, noting that holders of President Donald Trump’s official token have lost a combined $3.81 billion.
“Trump has broken trust in everything he’s ever touched. And his token was no exception,’ he added.
Hunter Biden said that 20% of LAPTOP would be airdropped to the community, including people who lost money on the “TRUMP grift.”
In addition, 30% of the total supply is allocated to a pre-programmed burn mechanism triggered by specific world events, while a further 50 million tokens are set aside for charity allocations.
Hunter Biden urged people not to expect him to make the token more valuable for them, adding, “LAPTOP isn’t just about owning something; it’s about saying something.”
‘Do Not Buy It’Meanwhile, on-chain detective Stephen Findeisen, better known as “Coffeezilla,” criticized Hunter Biden for launching a memecoin and advised against buying it.
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LAPTOP set to debut on Wednesday on Base, a Layer 2 blockchain developed by Coinbase Global Inc. (NASDAQ:COIN),
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Photo Courtesy: Andrew Leyden on Shutterstock.com
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Hunter Biden, kendi meme coin projesi LAPTOP token için planını kamuoyuyla paylaştı. Base ağında işlem görmeye başlaması planlanan token için arzın yüzde 20’sinin topluluğa dağıtılacağı açıklandı. Dağıtım kapsamında Official Trump (TRUMP) tokenında para kaybeden yatırımcıların da yer alacağı belirtiliyor.
Biden’ın açıklaması, projenin token ekonomisine ilişkin şimdiye kadarki en ayrıntılı kamuya açık bilgiler arasında yer alıyor. Projenin merkezinde ise yıllardır siyasi tartışmaların odağında bulunan Delaware’deki bir tamirhaneye bırakılan dizüstü bilgisayar bulunuyor.
LAPTOP Token Topluluğa Ne Vaat Ediyor? Hunter Biden, projeyi söz konusu bilgisayar üzerinden şekillendiriyor. Delaware’deki bir tamirhanede bırakılan cihazın içeriği, yıllar boyunca Biden hakkındaki siyasi tartışmalarda kullanıldı. Biden ise kendisini yedi yıldır ayık olarak tanımlayarak bilgisayarı kişisel toparlanma sürecinin sembolü olarak konumlandırıyor.
X üzerinden yaptığı açıklamada token arzının yüzde 20’sinin topluluk için ayrılacağını duyurdu. Bu grubun içinde TRUMP tokenından zarar eden yatırımcıların da bulunması planlanıyor.
Biden’ın iddiasına göre yaklaşık 1 milyon cüzdan TRUMP projesinde toplam 3,8 milyar dolar civarında kayıp yaşadı. Ancak Biden, LAPTOP tokenını satın alan kişilerin bu varlığın değer kazanması için kendisinden veya başka bir kişiden destek beklememesi gerektiğini özellikle vurguladı.
Token Arzının Yüzde 30’u Nasıl Kullanılacak? Projenin kalan arzının önemli bir bölümü önceden belirlenmiş koşullara bağlanıyor. Biden, yüzde 30’luk kısmın programlanmış bir mekanizma tarafından yönetileceğini açıkladı.
Bu mekanizma belirli gelişmeler gerçekleştiğinde tokenları yakacak. Şartlar gerçekleşmediğinde ise söz konusu tokenlar hayır kurumlarına aktarılacak. Böylece arzın kullanımına ilişkin koşullar önceden belirlenmiş olacak.
Açıklanan kriterler arasında 2028 seçimlerinde Demokratların kazanması, Bitcoin’in yeni bir tüm zamanların en yüksek seviyesine ulaşması ve LAPTOP’ın piyasa değerinde TRUMP’ı geride bırakması bulunuyor. Bunun yanında 50 milyon token, koşullardan bağımsız olarak hayır kurumlarına gönderilecek.
LAPTOP İçin Rug Pull Riski Var Mı? Proje daha piyasaya çıkmadan tartışmaları da beraberinde getirdi. Ekonomist Peter Schiff daha önce başkanlık meme coinlerini “yasal rüşvet” olarak nitelendirmiş ve bu tokenları satın alan kişilerin büyük bölümünün zarar ettiğini savunmuştu.
Hunter Biden’ın paylaşımının ardından X’teki bazı kullanıcılar da projeye sert tepki gösterdi. Bazı hesaplar Biden’ı daha önce eleştirdiği uygulamaları tekrarlamakla suçlarken, bir kullanıcı olası bir rug pull ihtimaline karşı paylaşımın kaydedilmesini önerdi.
Biden ise eleştirilere, Trump, Melania, Kanye, Lil Pump ve Andrew Tate’in meme coinlerinden kaynaklanan travmaya gönderme yaparak yanıt verdi.
Sahte LAPTOP Tokenları Neden Çoğaldı? Projenin en kritik sorunlarından biri resmi sözleşme adresinin henüz açıklanmamış olması. Biden veya ekibi basın saatine kadar LAPTOP için doğrulanmış bir kontrat adresi yayımlamadığı için traderlar farklı ağlardaki aynı isimli tokenlara yöneldi.
GeckoTerminal verilerine göre BNB Chain üzerinde “Hunter Biden’s Laptop” adını kullanan bir işlem çifti yaklaşık 10 saat içinde yüzde 81.000’in üzerinde yükseldi ve 20,29 milyon dolarlık değerlemeye ulaştı. Base üzerindeki başka bir çift ise 3,31 milyar dolarlık piyasa değerine ulaşırken günlük işlem hacmi yalnızca yaklaşık 1.121 dolar seviyesinde kaldı.
Bu tokenların hiçbirinin resmi olduğu doğrulanmış değil. Bu nedenle kripto borsası veya farklı bir platform üzerinden LAPTOP adıyla işlem gören varlıkların kontrat adresi doğrulanmadan satın alınması ciddi risk taşıyor. Resmi adres açıklanana kadar yatırımcıların özellikle sahte token ve likidite riskini dikkate alması gerekiyor.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Key Highlights Hunter Biden debuts the LAPTOP memecoin Wednesday on Base, a Layer 2 blockchain solution One-fifth of the 1 billion token total will be distributed via airdrop, targeting those who suffered losses on the TRUMP memecoin A 30% allocation depends on 30 political event predictions that will either destroy tokens or redirect them to charitable causes Following community criticism, Kraken removed promotional material while Base’s creator clarified no official collaboration exists Biden attacked the TRUMP memecoin, noting it caused nearly 1 million wallet holders to experience $3.8 billion in aggregate losses Hunter Biden is set to debut a cryptocurrency called LAPTOP this Wednesday, adopting the name of the computer that sparked significant political turmoil in recent history.
Biden unveiled the digital asset on X, the social media platform, describing it as symbolizing “resilience, redemption, and recovery.” He positioned the initiative as reclaiming a controversy that had been weaponized against him.
“They weaponized the laptop against me. I’ve transformed it into a digital asset,” Biden stated.
For years, Trump and right-wing media have been asking, “Where’s Hunter? Where’s Hunter?” Well, here I am. Clear, strong, seven years sober, and with a lot to say.
By now, you may have seen the article in the Wall Street Journal that I’m launching a meme coin called $LAPTOP.…
— Hunter Biden (@HunterBiden) September 8, 2026
Token Allocation Breakdown The complete supply totals 1 billion tokens. Community airdrops will account for 20% of this amount. When the token goes live, 10% becomes claimable via a portal operated by Phoenix Veritas Foundation, the managing entity. The foundation will distribute the other 10% at a later date based on its own timeline.
Airdrop eligibility extends to two distinct groups. Investors who experienced financial losses on Donald Trump’s TRUMP memecoin will claim 2% of the total supply. Those subscribed to Biden’s newsletter, titled “Where’s Hunter?”, will receive 8%.
Biden directly targeted the TRUMP token, highlighting that roughly 1 million wallet addresses collectively lost $3.8 billion. He labeled the project a “grift.”
An additional 30% of LAPTOP’s supply connects to 30 political events occurring in reality, with many linked to Polymarket prediction platforms. When a forecasted event materializes, associated tokens are permanently removed from circulation. When predictions fail, corresponding tokens transfer to charitable organizations. Beyond these mechanics, 50 million tokens are unconditionally designated for charity.
Market Response The project has encountered resistance from various corners of the industry. Kraken, a prominent cryptocurrency exchange platform, removed a promotional message following negative feedback from its trading community.
Andrew Callaghan, a video journalist whose followers were slated for an airdrop allocation, publicly separated himself from the venture.
Jesse Pollak, who founded Base—the Coinbase-developed blockchain hosting LAPTOP—stated his organization made a “conscious decision” to avoid designing or marketing the token. He emphasized Base maintains no partnership arrangement with the project.
The founding team, which includes Biden, receives 30% of supply with a six-month lock-up followed by 24 months of gradual vesting. Liquidity provisions consume 10%, while the foundation treasury holds 5% for operational expenses.
Biden explicitly stated that purchasers shouldn’t anticipate anyone working to boost the token’s market value. “LAPTOP isn’t just about owning something, it’s about saying something,” he explained.
The laptop at the center of this project first emerged publicly in 2019 when Biden abandoned it at a repair facility in Delaware. Content recovered from the device subsequently became evidence presented during his 2024 federal firearms conviction.
Hunter Biden is preparing to enter the memecoin market with LAPTOP, a token scheduled to launch Wednesday that will distribute part of its supply to investors who lost money on President Donald Trump’s Official Trump (TRUMP) cryptocurrency, according to The Wall Street Journal.
Hunter Biden, whose father is former U.S. President Joe Biden, revealed the $LAPTOP ticker on X on Monday. The project will have a total supply of one billion tokens, with 20% allocated to eligible recipients, including TRUMP investors who lost money, people on a mailing list, and Biden’s Substack subscribers, the Journal reported.
The planned distribution connects the new token directly with one of Trump’s crypto ventures. TRUMP has lost roughly 97% of its value since hitting a record high in January 2025.
Token Burns Tied to Bitcoin, Politics and TRUMP Valuation LAPTOP’s creators will retain a 30% share of the token supply and could later burn as much as three-tenths of all tokens in circulation if certain future milestones are reached, according to the report.
The triggers include a Bitcoin (BTC) setting a new record high, a Democratic candidate winning the 2028 U.S. presidential election, and LAPTOP achieving a fully diluted valuation greater than TRUMP’s.
Beyond its tokenomics, LAPTOP also draws directly on Biden’s political history. The token takes its name from Biden’s computer, which attracted intense public attention ahead of the 2020 presidential election as his father ran against Trump for the White House. The controversy surrounding the device has remained a recurring topic among conservative commentators. Biden has also filed two lawsuits alleging violations of his privacy rights stemming from the episode.
The project also comes as Biden has become more vocal about cryptocurrency and blockchain since his father left office in early 2025.
In August, Biden accused World Liberty Financial, the crypto venture backed by members of the Trump family, of corruption and described its activities as unprecedented in scope. He compared its conduct with that of the failed crypto exchange FTX and raised concerns about its connections with foreign governments, including the United Arab Emirates (UAE).
His broader position on the technology has been more favorable. In June, Biden said he considered decentralized digital currencies and blockchain to be an inevitable part of the future.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Hunter Biden, son of former American president Joe Biden, is set to launch a memecoin called LAPTOP on Base this Wednesday, featuring an airdrop especially aimed at investors who lost money on Donald Trump’s TRUMP memecoin. But even before its first trade, the project is already facing strong criticism. Several figures mentioned around the launch have distanced themselves.
In brief The token is scheduled to launch on Base on September 9, with 30% of the supply reserved for founders and 20% allocated to airdrops. Kraken deleted a promotional post while Coinbase denies any partnership. Andrew Callaghan, also mentioned in the project, says he has no connection to the memecoin. An airdrop aimed at TRUMP losers Hunter Biden confirmed the launch on X on September 7 with a particularly brief message: ” $LAPTOP, September 9 “. The project is to be deployed on Base, Coinbase’s network, with a total supply of one billion tokens, according to information published by the Wall Street Journal.
The founders, including Hunter Biden, will keep 30% of the tokens. These tokens will be locked for six months before being gradually unlocked over more than two years. The 20% reserved for airdrops will be distributed in two waves.
The first will target traders who lost money with the TRUMP memecoin. The second concerns Biden’s Substack subscribers as well as individuals on journalist Andrew Callaghan’s list, reports CoinDesk.
The choice of this target is far from accidental. TRUMP was worth about $2.25 on September 8, nearly 97% below its record high reached in January 2025. Its market capitalization briefly approached $15 billion at that time.
The LAPTOP project also plans to burn up to 30% of the supply under certain circumstances, notably in the event of a Democratic victory in 2028, a new all-time high for Bitcoin, or a valuation exceeding that of TRUMP. If these conditions are not met, the concerned tokens would be redistributed to charitable organizations.
Kraken, Base, and Channel 5 distance themselves Reputation fled before the product. Kraken removed a post presenting the project after a wave of negative reactions. Some users notably criticized the platform for promoting a new political memecoin.
However, this does not mean Kraken has ruled out a possible listing. Jordan Fish, known under the pseudonym Cobie and responsible for the Base app, reminded that a project can launch a token on the network without Coinbase’s approval. No partnership with LAPTOP exists, he specified.
Jesse Pollak, founder of Base, also stated that the memecoin team had contacted the network before its launch. However, Base chose not to participate in either its design or its promotion.
Andrew Callaghan also denied any link with LAPTOP to the Wall Street Journal. Channel 5, the media outlet he runs, is not involved in the project and does not consider cryptocurrencies as a legitimate investment.
The political memecoin market changes tone The contrast with the launch of TRUMP in January 2025 is striking. Back then, there were many criticisms, but they did not prevent investors from flocking in. Nearly two years later, platforms seem much more cautious about associating their image with this type of project.
The reaction on X alone will not determine LAPTOP’s success. The token still faces the real test: its market debut.
Copies already bearing the name LAPTOP are circulating on several networks, including one present on Base since June. Without an official contract address, any LAPTOP token traded before the announced launch on September 9 should therefore be treated with utmost caution.
Initial volumes, the distribution of airdrops, and the attitude of platforms will help measure the real reception of the project. One thing is already clear: two years after the euphoria around political memecoins, the environment is much less favorable.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Useless Coin (USELESS), a Solana-based memecoin that openly markets itself as having no practical utility, surged 22% in the 24 hours leading up to its listing on South Korean exchange Bithumb. The token had already climbed 160% over the prior week and 500% over the past month, underscoring the appetite for speculative assets in the current market cycle.
Bithumb confirmed it would open USELESS trading against the Korean won starting at 14:00 local time, giving the token its first direct fiat on-ramp in one of Asia's largest crypto markets. The announcement was enough to send the token sharply higher before trading even began.
From BONKfun Launch to Major Exchange Listings Useless Coin is a community-driven memecoin launched on the Solana blockchain through the BONKfun platform. Launched in May 2025, its entire premise is to mock the industry's relentless focus on "utility" and complex roadmaps, with a whitepaper that is a 47-page parody document concluding the token is, indeed, useless. The entire supply of 1 billion tokens was launched at once via a launchpad with no team allocation, making all tokens immediately liquid.
The token first entered the broader spotlight through its involvement with the Kraken exchange. The token achieved widespread attention in early 2026 after winning a trading competition hosted by Kraken, with the victory resulting in the Useless Coin logo being featured on the limited-edition jerseys of Atlético de Madrid for a match against FC Barcelona.
A Growing Exchange FootprintThe Bithumb listing adds to an already expanding presence on centralised exchanges. The recent rally for USELESS has followed a series of major exchange listings, with Coinbase, Binance US, and Kraken all listing the token and giving it the kind of exposure most memecoins can only dream of. Its first parabolic rally saw a market cap jump from $4.2 million to $420 million, an impressive feat for a coin that openly brags about doing nothing.
Useless Coin was designed as a satirical critique of utility-driven cryptocurrencies, explicitly embracing its lack of utility and positioning itself as a parody of the crypto industry's focus on complex tokenomics and functional use cases. Whether the Bithumb listing sustains the rally or marks a near-term peak remains to be seen, but the token's trajectory so far has confounded sceptics at every turn.
Sources:
CoinGecko: Useless Coin (USELESS) price, market cap and project overview
Kraken Blog: USELESS is available for trading
CoinMarketCap: What Is Useless Coin (USELESS) and How Does It Work?
Hunter Biden, son of former US President Joe Biden, is preparing to enter the cryptocurrency market with his own memecoin project. Inspired by the “Hunter Biden’s laptop” controversy, the token, ticked “LAPTOP,” will be launched on September 9th on the Ethereum Layer-2 network Base, developed by Coinbase.
According to sources close to the matter, the project is a reference to Hunter Biden’s laptop, which was leaked to the public in 2020 and became a subject of prolonged debate in US politics. Leaked messages from the computer, concerning Biden’s business dealings abroad and personal life, remained at the center of political controversy for years.
Hunter Biden’s increased media visibility in recent weeks is also noteworthy. Appearing on podcasts, television programs, and various broadcasts, Biden has occasionally delivered positive messages regarding the cryptocurrency sector. Recently, in posts on X, Biden described decentralized digital currencies as the “inevitable future” and commented on the dispute between the Trump family’s World Liberty Financial project and Justin Sun.
Founders Will Retain 30% of the Offering A total of 1 billion tokens are planned to be created for LAPTOP. The founders, including Hunter Biden, will own 30% of the total supply. It is stated that the tokens allocated to the founders cannot be sold for the first six months and the vesting process will be completed within two years.
Twenty percent of the total supply is planned to be distributed to select users in two separate distributions. This group includes investors who lost money on Donald Trump’s TRUMP memecoin, Hunter Biden’s Substack subscribers, and members of an email list created by video journalist Andrew Callaghan.
Trump’s TRUMP token, launched in January 2025, quickly reached a market capitalization of approximately $15 billion before experiencing a sharp decline. It is reported that the token has recently been trading around $2, with its market value dropping to approximately $600 million.
One of the notable features of the LAPTOP project will be its token burning mechanism tied to specific political and financial events. The founders state that if 30 predetermined events occur within a specified period, up to 30% of the total supply of tokens could be burned.
Scenarios that could trigger a token burn include the Democratic Party candidate winning the 2028 US presidential election, Bitcoin reaching a new all-time high, and LAPTOP’s fully diluted market capitalization surpassing TRUMP’s.
If the predicted outcomes do not occur, a proportional portion of the tokens planned to be burned will be donated to charity.
The remaining 20% of the offering will be used for charitable purposes, liquidity provision, exchange and market maker distributions, and the accounting, legal, administrative, and compliance expenses of the foundation behind the project.
The launch of LAPTOP demonstrates the continuation of the memecoin trend in US politics. Tokens linked to Donald Trump, Melania Trump, and former New York Mayor Eric Adams previously experienced rapid price increases after their initial launch, but subsequently lost significant value shortly afterward. Due to their lack of intrinsic value and extreme volatility, memecoins are considered among the highest-risk categories in the cryptocurrency market.
This token also carries many similar high risks, and users need to exercise caution.
*This is not investment advice.
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The token deploys on Coinbase's Base network, with a fifth of a 1 billion supply set aside for airdrops that include wallets that lost money on TRUMP, according to The Wall Street Journal. At least 14 copycat LAPTOP tokens appeared on four other networks within an hour of the report, trading $6.9 million between them.
Hunter Biden confirmed on Monday that a memecoin named after his laptop launches on Sept. 9, posting the ticker $LAPTOP and the date to his verified X account at 10:55 a.m. ET alongside a 31-second clip of a Fox News segment about the computer. The post had 250,900 views within an hour.
It went up four minutes after The Wall Street Journal reported the launch, in a story by Vicky Ge Huang headlined "Hunter Biden (and His Laptop) Enter the Cryptosphere With New Meme Coin." Biden is part of the founding team, according to the report.
The airdrop is the political content of the launch. A fifth of supply goes to airdrops that include wallets holding losses on TRUMP, the memecoin issued in President Trump's name three days before his second inauguration, which now trades 97% below its record. Biden's Substack subscribers and a mailing list kept by video journalist Andrew Callaghan also qualify, according to the Journal.
One Billion, Thirty Percent LockedTotal supply is 1 billion tokens. The founding team takes 30%, locked for six months after launch and released over the following two years. Airdrops take 20% across two rounds, and a further 20% covers liquidity, exchange listings and legal costs, according to the Journal's account of the tokenomics. Up to 30% is earmarked for burns triggered by named events, including bitcoin setting a record and LAPTOP passing TRUMP's market value.
Biden has not published tokenomics himself. His X post carries no contract address, website or launch venue, and his Substack, where he has written about the laptop since July, has no post on the token. His art site lists bitcoin as a payment option.
Copycats In One MinuteThe first token named LAPTOP appeared on Robinhood Chain at 14:50 UTC, roughly a minute before the Journal's markets account posted the story. Twenty-two more pools followed over the next 53 minutes across Robinhood Chain, Solana, TON and BNB Chain, covering at least 14 distinct tokens, DEX Screener data shows. None is on Base, and none launches on Sept. 9.
They traded $6.9 million between them by 15:45 UTC. The largest, a Robinhood Chain token at 0x76Ed1E spread across ten pools, carried a $535,206 fully diluted valuation and took $5.43 million of volume over 31,878 trades in a single pool paired against SGOV, the tokenized short-dated Treasury ETF. The pairing follows the pattern The Defiant has documented on the chain since July, where memecoins quote against tokenized equities and generate most of the network's stock-token volume.
A Solana token called Hunter Biden's Laptop, deployed in January 2024, rose 411% to a $191,541 market capitalization on $932,561 of volume.
The Ticker Is TakenA token trading as LAPTOP has been live on Base since June 27, up 54% on Monday to a $51,908 market capitalization on $55,602 of volume. Whether the September launch shares the ticker or the contract is unresolved; Biden's post names neither.
TRUMP At Minus 97%TRUMP trades at $2.25, down 6.3% over 24 hours and 5% over the week, with a $613.4 million market capitalization on 273.1 million circulating tokens, according to CoinGecko. Its high was $73.43 on Jan. 19, 2025, two days after launch, and its low was $1.37 on Aug. 13 this year. Holders who bought near the top and never sold are the constituency the LAPTOP airdrop addresses.
Base holds $5.67 billion of total value locked and settled $567.2 million of DEX volume over 24 hours, according to DefiLlama. Robinhood Chain, where every copycat with meaningful volume launched, holds $908.7 million of TVL on $1.61 billion of daily DEX volume.
Following the announcement by Joe Biden's son, Hunter Biden, that he will launch a memecoin, there has been an exodus from rival ecosystems.
Following reports that Hunter Biden, son of former US President Joe Biden, is preparing to launch a memecoin called LAPTOP, popular memecoins within the Robinhood ecosystem experienced a noticeable decline.
According to market data, the news that Hunter Biden will launch a memecoin called LAPTOP, inspired by the “laptop incident” of 2020, may have increased selling pressure on existing memecoins due to the expectation that investor interest could shift to the new token.
PONS, one of the prominent memecoins in the Robinhood ecosystem, lost approximately 9 percent of its value following the news, dropping its market capitalization to $726 million.
CASHCAT, meanwhile, experienced a decline of approximately 10 percent during the same period, dropping to a market capitalization of $190 million. The AI token also lost over 10 percent of its value, with its market capitalization falling to $179 million.
MEME, which experienced the most severe selling pressure, saw a drop of over 20%, bringing its market capitalization down to $91 million. Microduck, on the other hand, was one of the sharpest-declining tokens on the list, with a loss exceeding 25%, dropping its market capitalization to approximately $17 million.
Market activity suggests that LAPTOP has already attracted the attention of memecoin investors even before its official launch. Hunter Biden’s token is scheduled to launch on September 9th on the Base network developed by Coinbase.
*This is not investment advice.
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After watching from the sidelines while memecoin mania exploded on rival chains, Solana is fighting back. Led by $ZCAT, a memecoin paired with Zcash ($ZEC), and $STONK, the native token of Solana’s most diverse launchpad, Solana reclaimed the lead in 24hr spot DEX volume.
Amidst the mania, Stonk.fun flipped Pump and Hyperliquid in daily revenue, causing a dramatic rerating in value as its token roared to a $200M market cap.
With meme/stocks establishing themselves as the market’s dominant trend, will Pump embrace multi-pairing launches?
$ZCAT, $STONK Trigger MemeFi Explosion on Solana Solana’s memecoin economy just reminded the entire industry what it’s capable of. Having watched the degens enjoy 9-figure runners on rival networks, Solana’s meme markets roared back to life over the course of the weekend.
After briefly ceding pole position in daily DeFi spot volume rankings to Robinhood, Solana reclaimed the top spot as the home of onchain markets. Driven by overwhelming demand for $ZCAT, a memecoin airdropping $ZEC rewards to holders, Solana recorded over $2.7B in daily DEX volume to once again lead all chains.
With the animal spirits returning to Solana, memecoin traders found themselves sitting on astronomical unrealized gains. Certain wallets became overnight millionaires on tokens like $STONK and $ZCAT, which ripped over to all-time high valuations of $186M and $179M respectively.
Beyond bestowing tremendous wealth and green candles across Solana DeFi, the weekend’s resurgence also put Solana back in the running to reclaim its position as crypto’s favorite place to trade tokenized equities.
Having lost its long-held crown to Robinhood and BNB, Solana is once again competing for market share, capturing 32% of all tokenized equity trading volume.
Stonk.fun Flips Pump, Hyperliquid in Daily Revenue Offering the most diverse token pairings of all launchpads, Stonk.fun has briefly cemented itself as one of crypto’s most valuable applications. After a breakout day’s trading, Stonk.fun recorded over $1.5M in daily revenue, eclipsing industry kingpin’s like Hyperliquid and pump.fun.
While Stonk.fun’s volume has since cooled off, the platform continues burning its token supply at a breakneck pace. Allocating 60% of protocol revenue to buybacks and burns, stonk.fun burnt 0.6% of its total supply on Sunday, and is on track to burn another 0.3% today.
Meanwhile, the launchpad is evidently eager to continue exploring new pairing possibilities. While equities, commodities, and other crypto majors have proven extremely popular, social media interactions from emerging apps like World.xyz suggests Stonk.fun may be integrating tokenized prediction markets into its expanding platform.
Will Pump Enable Diverse Pairings? With Stonk.fun’s expansive range of token pairings attracting massive amounts of capital and activity, Solana’s memecoin traders are naturally wondering if rival launchpad pump.fun will follow suit.
6th Man Ventures MP and Pump.fun investor Mike Dudas seems to think that such an eventuality is extremely likely. Meanwhile, markets appear to be pricing in the prospect of pump.fun rolling out multi-pairings in the immediate future.
In the last 24 hours, $PUMP has gained 8.15%, while $STONK has lost around 35% of its value in the same timeframe, though the latter’s blistering run during the weekend means it was likely due some consolidation.
Read More on SolanaFloor Can the memecoin traders CTO a real company?
Vida Global CEO Acknowledges Meme/Stock Pairing Trying to ‘CTO’ His Company
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A token, interestingly named Useless Coin (USELESS), soared in value last week, outperforming several established meme tokens.
Useless Turns Out to be ‘Useful’The Solana (CRYPTO: SOL)-based community-driven memecoin soared 230% over the week and is up 444% in a month
Launched via the BONKfun memecoin launchpad, the project gained major visibility after winning a Kraken trading competition, which led to its logo appearing on the jerseys of Atlético de Madrid, a Spanish professional football club.
Widely followed cryptocurrency analyst Zcash called the bottom in for USELESS and encouraged quick buying to drive it to a $10 million market capitalization.
Another Parody Coin Makes Waves“The world’s first cryptocurrency that promises nothing and delivers exactly that.” Yes, that’s literally how the coin is described on the official website. Yet, it has ballooned into an asset worth $216 million.
The entire project, right down to its "Useless Whitepaper," is a parody.
Read Next
The memecoin sector has seen multiple coins launched purely as parodies, offering no functional utility or technological purpose.
The real standout is the name If you think USELESS is outrageous, don’t forget there’s also a Fartcoin (CRYPTO: FARTCOIN).
USELESS overshadowed more popular and valuable memecoins, including Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).
Read Next
Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading
Photo Courtesy: Elpisterra on Shutterstock.com
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Anonymous Cat ($ZCAT), a cat-themed memecoin on Solana, has handed its holders an unusually large payout.
How the Reward Mechanism Works According to the project's dashboard, approximately 2,320 ZEC has been distributed in total, now worth roughly $2.8 million. Wallets holding at least $20 worth of $ZCAT are eligible for these payouts.
However, the rewards are not guaranteed income.
Zcash's Surge Has Amplified Returns
Broader tailwinds have also supported the move.
$ZCAT itself has also seen sharp price action. The token gained 60% in 24 hours after Aster announced a $ZCAT perpetual listing, adding exchange momentum to an already active trading base.
Sources:
CoinDesk: This cat memecoin has paid holders $2.8 million in Zcash as ZEC tops $1,200
CoinMarketCap: Latest Zcash News and Market Insights
CoinGecko: Anonymous Cat (ZCAT) Price and Market Data
With Bitcoin holding around $81K, interest in memecoin presales to buy now is rising again. But a strong crypto market does not make every presale a good opportunity.
Buyers are increasingly looking for verifiable progress, such as completed audits, working technology, clear launch plans, and visible development.
MemeToro stands out by combining reported security audits with an open-source AI system and its Stage 7 progress.
Memecoin Presales to Buy Now: Why Verification Matters The market for memecoin presales to buy now can become crowded during a crypto rally. New projects often use large claims about future growth, but claims alone do not show whether a project is moving forward.
Verifiable progress gives investors something concrete to examine. A completed smart contract audit, public code, a working test product, or a clear launch schedule can provide more useful information than marketing statements.
MemeToro has reported three independent smart contract audits as part of its security process. It has also presented its AI agent architecture as open source.
These milestones matter because smart contracts control important blockchain functions. An audit checks the code for potential vulnerabilities and other issues. It does not guarantee that a project will never face a problem, but it gives users more technical information.
Useful progress signals include:
Independent security audits. Public or open-source technology. Clear tokenomics. Defined launch stages. Visible product development. Transparent exchange plans. For memecoin presales to buy now, these checks can help separate projects with measurable progress from projects that mainly depend on hype.
How MemeToro’s Progress Can Be Measured MemeToro is currently in Stage 7 of its presale, with $MT priced at $0.00430. Funding is approaching $118.5K, with hundreds of new buyers reported on BNB Chain.
The project is also developing several connected products. Its AI agent is designed to monitor trends and help create memecoin launch concepts. Its decentralized prediction markets are intended to let users make predictions using $MT and stablecoins.
MemeToro’s launchpad model also uses public smart contracts to enforce rules. The project says its approach avoids private insider allocation tiers and aims to make launches more transparent.
This gives buyers several areas to track after the presale:
Whether the AI agent works as described. Whether prediction markets attract users. Whether the launchpad produces real activity. Whether exchange listings improve liquidity. Whether $MT gains actual ecosystem use. For memecoin presales to buy now, progress should always be separated from future price expectations. A project can deliver technology and still struggle to gain users.
Why Bitcoin’s $81K Level Matters Bitcoin holding around $81K creates a stronger market backdrop for memecoin presales to buy now. When BTC performs well, investor confidence can increase and more capital may move through the crypto market.
However, Bitcoin’s strength can also create higher expectations. If the market suddenly turns lower, speculative assets can fall much faster than Bitcoin.
That makes project quality even more important. Investors should not assume that a Bitcoin rally will automatically lift every presale token.
MemeToro’s Stage 7 progress gives it a specific milestone to track. Its reported audits and open-source AI architecture add further evidence that can be checked beyond marketing claims.
The broader lesson is simple: memecoin presales to buy now should be compared on what exists today, not only what may happen later.
Bitcoin’s $81K position can create favorable market conditions, but long-term success still depends on product delivery, liquidity, exchange access, community growth, and real usage. These factors will matter even more after the presale ends.
MEME Token Posts Extraordinary Single-Day GainsA token called MEME has become the latest standout from the Pumpfun memecoin launchpad, surging more than 500,000% in a single trading day and briefly pushing its market cap above $250 million. The move follows a broader revival of speculative activity on Solana-based platforms, where tokens can launch in seconds, attract outsized attention within hours, and collapse just as quickly.
On-chain data tracked by Lookonchain highlighted two standout traders. FrankDeGods reportedly converted a $1,491 position into more than $1.2 million after purchasing 11 million MEME tokens. A second trader is said to have turned $2,972 into more than $2.1 million within 12 hours. While these returns are eye-catching, such outcomes represent a small minority of trades on memecoin launchpads, where the vast majority of tokens lose most of their value shortly after launch.
Robinhood's Tokenized AMC Shares Spark Corporate BacklashThe MEME frenzy came on the same day that a separate controversy over tokenized equities escalated. AMC CEO Adam Aron criticized Robinhood's tokenized AMC shares, saying the company did not authorize the product. Robinhood's stock tokens claim to provide economic exposure to shares without giving investors ownership of the underlying stock.
Aron took aim at the fact that Robinhood's stock tokens are not registered under US securities laws, calling the practice "contemptible, outrageous, disgusting," and said AMC instructed outside securities counsel to review the matter. AMC has not announced legal action against Robinhood. Aron said the company will first ask outside securities counsel to review the tokenized AMC product and the circumstances surrounding its use of the company's name.
The dispute is not isolated. OpenAI previously rejected Robinhood tokens linked to the private company, saying they were not OpenAI equity and had not been endorsed by the firm. The episode highlights the tension between competing models for tokenizing equities as financial firms push stocks onto blockchain rails.
Sources:
CoinDesk: AMC CEO blasts Robinhood stock tokens
Crypto.news: AMC CEO Adam Aron hits out at Robinhood over tokenized AMC shares
I regret to inform you that the grand ambitions of our stock-paired memecoins will not come to pass.
For those who don’t know what I’m referring to, I’m talking about the circulated agenda of having squeezes in onchain stock supply reverberate down into the “real” stock. Sadly, the mechanics just aren’t set up for this.
If you were logged off last weekend, you will have missed the outlandish price dislocations that occurred. Since liquidity pools are essentially a one-in, one-out ordeal, as people bought memecoins like BONER that were paired with tokenized equities, or TEQs, pronounced “tech,” they effectively parked and then cornered the supply of their paired Stock Token, leading to immense rallies from extremely constrained supplies.
AMC’s Stock Token briefly ran as high as $166.86 though the actual stock had closed Friday at $2.59. HIMS was less extreme, but still absurd, running to $132.64 against a $28.84 Friday close before coming back down to earth once markets reopened Monday. That’s roughly 64x and 4.6x their respective offchain prices.
Over the past few days, this “cornering the supply” sparked excitement about the second-order effects on, particularly, heavily shorted stocks. Could a wild, brave band of memecoin holders pump price so much that the cornered tokenized supply causes not only a short squeeze onchain, but also off?
Sadly, the answer is no.
— The Defiant (@DefiantNews) August 31, 2026 Why the Squeeze Doesn't WorkThe first problem is simply scale. Most TEQ supplies remain tiny compared to their underlying stocks. BONER, for example, accumulated 53% of HIMS Stock Tokens, which sounds incredible until you realize that equals only ~0.014% of actual HIMS shares.
But even at greater scale, there is a larger problem: cornering the Stock Token does not corner the stock.
Robinhood Stock Tokens are backed 1:1 by underlying shares held in custody, giving price exposure rather than ownership of the stock itself. So when BONER parks a huge portion of HIMS Stock Tokens in its liquidity pool, it makes the Stock Token scarce, not HIMS itself.
If that scarcity pushes tokenized HIMS far above the real stock price, Robinhood’s authorized participant can mint more Stock Tokens to arbitrage the gap. Those new tokens do require additional shares backing them, so new issuance can create some demand for the underlying stock. But cornering the existing tokens does not itself force equivalent purchases of HIMS. Instead, the main effect is to incentivize more Stock Token issuance, increasing the wrapper’s supply and pulling its price back toward the real stock.
The weekend basically proved this. HIMS could trade above $100 onchain while actual HIMS remained around $29. Once markets reopened, roughly 4,000 new HIMS tokens entered the market, and the gap quickly disappeared.
So the fabled short squeeze isn't impossible forever. We just need TEQs with much stronger bridges back to the actual equity.
What Would a Better TEQ Look Like?Ironically, the closest setup appears to be on Solana.
Last year, Galaxy worked directly with Superstate to bring GLXY onchain. The difference is pretty simple: Robinhood gives you a token tracking a share. With Galaxy, the token is the share.
Existing Galaxy shareholders can convert their current GLXY into onchain GLXY. Those tokens remain actual Galaxy Class A common stock, carrying the same legal, economic, and voting rights as traditional GLXY. When the token changes hands, Galaxy’s official ownership records change with it.
That makes the onchain and offchain markets much more directly connected, as moving GLXY onchain moves the equity itself rather than simply creating another representation of it.
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But Galaxy isn't there yet. Right now, its onchain shares can only move between approved wallets, and Galaxy has not enabled permissionless AMM trading.
I agree with this. If you want to squeeze shorts, move your shares in tokenize form via the transfer agent outside of DTCC and brokers. Then you are on the cap table as a beneficial owner and nobody can borrow them without your permission or without paying you directly. You… https://t.co/CztBkNkccQ
— Carlos Domingo (@carlosdomingo) September 1, 2026 So What Are Stock-Paired Memecoins Good For?Thus, we must ask: is this all just novelty that gives speculators a reason to deploy capital?
I don’t think so.
The short squeeze is probably the most exciting mechanism people have latched onto first. But even without it, pairing stocks and tokens creates some genuinely new dynamics.
One leading theory, put forth by Eric Conner, is that these memecoins could become decentralized marketing machines for their paired companies. Holders naturally start tracking earnings, products, short interest, news, and everything else connected to the stock, producing memes and content around it along the way.
There are obvious limits here. BONER may be wonderfully aligned with Hims’ product suite, but a public healthcare company trying to build mainstream credibility may not want to officially embrace a "BONER" token.
I really enjoyed this
Moral of the story is every stock will have a memestock in the end. That memestock community will be greatly beneficial for the company, in this case $HIMS
Long $BONER https://t.co/soqPfHuweL
— eric (@econoar) September 3, 2026 Still, there is probably an in-between. The best companies today understand guerrilla marketing, and these communities create an organic distribution channel without the company necessarily having to acknowledge, let alone control, it.
The second, and probably more interesting, path is turning TEQs into new financial and game-like primitives.
This is already happening. NetNet Capital has coined its version “RW-Play,” essentially using tokenized stocks as programmable pieces inside games and DeFi products. Its COINflip pays winners in tokenized Coinbase stock, SpaceX Invaders pays in tokenized SpaceX, and MSFT Flight Simulator pays in tokenized Microsoft.
Instead of simply buying and holding stocks, they can become trading pairs, collateral, prizes, liquidity, or pieces inside entirely new applications.
Right now, people are largely running back the OG 2020 DeFi playbook with a new asset class. But the more interesting question is what happens once TEQs begin developing primitives of their own.
Ripe Brings Old School DeFi Farming to Robinhood Chain on Bankless
Ripe Protocol is bringing classic DeFi liquidity mining back on Robinhood Chain.
Bankless
Beyond the enormous candles people have accrued on Robinhood Chain, this interaction between stocks and tokens feels like one of the most unique things to arise onchain in a while. Robinhood’s Stock Tokens make its chain the default home today, but I doubt that position goes uncontested.
Galaxy already shows that Solana can support TEQs with much stronger ties to actual offchain equities, and I’d expect Base to experiment with their own models. The competition won't just be about who puts the most stocks onchain, but who builds the most meaningful bridges between their onchain and offchain forms, and ultimately who gives people the most interesting things to do with them.
In the end, it’s nice to be around at the birth of a new meta. There’s plenty of opportunity to make money, but more importantly, plenty of room to see what entirely new mechanisms get designed.
While we’re building robinhood chain to be the best chain for RWA … it works great for memes too
Key Takeaways On September 2, Farmmi shares skyrocketed by as much as 350%, momentarily reaching $0.50 after closing at $0.12 the previous session. The rally was sparked by JINQIAN, a memecoin inspired by Farmmi’s mushroom product line, which debuted on Robinhood Chain. The accompanying FAMI token was not a legitimate Robinhood stock token but rather created by an unidentified individual. During its height, the memecoin achieved an estimated value between $60-70 million, approximately 10x Farmmi’s real market capitalization. By market close, the stock had relinquished most of its gains, settling around $0.15, while the memecoin plummeted more than 90% from its zenith. Farmmi (FAMI) experienced one of 2026’s most unusual trading sessions on September 2, despite the absence of earnings reports, corporate transactions, or official communications.
Farmmi, Inc., FAMI
Shares began trading near $0.12, matching Tuesday’s closing figure. However, by late morning, the price had climbed to $0.50, representing an approximately 350% increase.
The driving force? A cryptocurrency meme token.
JINQIAN, a newly launched token on Robinhood Chain, took its name from the “jinqian” or “money” mushroom variety that Farmmi markets. This token was matched with an onchain asset utilizing Farmmi’s FAMI stock symbol.
In roughly 60 minutes, the memecoin’s implied market value peaked between $60 million and $70 million, based on data from DexScreener and blockchain monitoring account Lookonchain. This valuation was approximately tenfold greater than Farmmi’s pre-rally market capitalization.
The speculative excitement subsequently spilled over into traditional equity markets.
The Token Lacked Official Authorization The FAMI token associated with JINQIAN was not among Robinhood’s authorized stock tokens. An unidentified individual created it, and it possessed no legitimate backing.
In contrast to genuine Robinhood stock tokens representing corporations such as Nvidia or Micron, no mint-and-redemption system existed. Consequently, trading activity in the token had no actual connection to legitimate purchases of Farmmi’s Nasdaq-traded shares.
Farmmi released no communication linking the organization to the cryptocurrency. The stock’s ascent was driven entirely by speculative interest.
One participant profited substantially. Transparent blockchain data reveals an anonymous address invested approximately $19,000 into JINQIAN during its early stages, subsequently liquidating the entire holding about 60 minutes later for roughly $198,000, yielding a profit near $178,600.
Nearly all subsequent investors experienced losses. The token’s value collapsed over 90% from its peak in mere hours.
Trading Volume Revealed the Reality Typically, Farmmi processes approximately 5 million shares daily. On September 2, over 720 million shares exchanged hands. This represents nearly 90 times the stock’s standard daily volume.
Farmmi operates as a small-scale Chinese agricultural products enterprise with merely 15 employees. Prior to Wednesday, its market capitalization stood at just several million dollars.
By late afternoon trading, the stock had surrendered the majority of its earlier advances. It concluded the session around $0.15, maintaining an approximate 27% gain for the day.
Currently, the JINQIAN memecoin is valued at roughly $0.0066, translating to a market capitalization near $6.6 million. This represents a dramatic decline from its transient $70 million peak achieved earlier during the trading session.
The FAMI token that Money Mushroom trades against on Robinhood Chain is not a Robinhood stock token. Its 37,430,000 supply, close to Farmmi's entire share count, was minted in a single transaction by a wallet that kept 38% and now runs a contract named PoolRepricer to manage the price.
Shares of Farmmi, a Chinese supplier of dried mushrooms and bulk farm commodities listed on the Nasdaq Capital Market, traded as high as $0.50 on Wednesday from Tuesday's $0.1187 close, after a memecoin named for a mushroom variety in the company's own annual report began trading against its tokenized shares on Robinhood Chain.
But the token traders bought on Wednesday as tokenized Farmmi stock was created by one wallet, which minted the whole supply in a single transaction, kept 38% of it, and has spent the two days since adjusting the pools its price is read from. Farmmi's actual shares on the Nasdaq Capital Market rose as much as 321% while it traded, according to Nasdaq.
Nothing Connects Tokenized Farmmi with Actual Farmmi SharesNothing connects that token to a Farmmi share. Robinhood's own stock tokens are “tokenised debt securities issued by Robinhood Assets (Jersey) Limited,” and only an authorized participant may subscribe for them directly from that entity, according to Robinhood's developer documentation. That mint-and-redeem path is what holds their prices near the shares they reference.
This one has no issuer, no redemption and a fixed supply. Its two mint events both sit inside the deployment transaction, against 2,215 mints and 30 burns on Robinhood's HIMS token, and the wallet that created it has been calling a contract of its own to move the pools since. The pairing loop that traders on the chain have spent two months betting on ran, in its first apparent success, on an imitation.
This one has no issuer, no redemption and a fixed supply, and its price is managed by the wallet that created it. The pairing loop that traders on the chain have spent two months betting on ran, in its first apparent success, on an imitation.
Farmmi traded at $0.1474 at 2:28 p.m. ET, up 24.2% on the day after touching $0.50 at 10:45 a.m., with 806,801,403 shares changing hands against an average volume of 5,251,331, according to Nasdaq. That is 154 times the daily average. Nasdaq's own quote page carries an “out of compliance” flag on the listing.
Two Mints, Then NothingThe FAMI token at 0x5D2e81cB3A6FECe856B824Dfd7e1d6D3dbaD8cd9 has two mint events in its entire history, both in the transaction that created the contract, at block 52,043,711. One sent 23,206,600 tokens to 0x5fD25Ceee9881C4704dEa6ce82B2d5e0401dC632 and the other 14,223,400, or 38.0%, to 0xd28d0b3dc4799D04E01A45f13b932ADAb89b7B0d, the address that deployed it. Supply has not changed since, according to Transfer logs read from the Robinhood Chain RPC.
Robinhood's HIMS token, by comparison, has 2,215 mint events and 30 burns. Every genuine stock token on the chain also carries the issuer in its name, from “NVIDIA • Robinhood Token” to “Hims & Hers Health, Inc. • Robinhood Token,” and holds a supply in the thousands: 56,974 NVDA tokens, 12,971 AAPL, 67,014 HIMS. This contract is named “Farmmi, Inc.” with no suffix, runs 1,916 bytes of code against the 283 bytes of Robinhood's proxies, and holds 37,430,000 tokens against the 37,434,077 Class A shares Farmmi reported outstanding after its June offering.
A search of the chain's token index returns one FAMI token, this one, with 2,696 holders. Robinhood brokers Farmmi shares to its customers. It has not issued a Farmmi stock token.
The trader who posts as bheau flagged the distinction on Wednesday morning, writing that “the typical flow of rh stocks (authorized participants can mint/redeem tokens to help arb the price) doesn't apply.”
The PoolRepricerThe deployer's address has 40 transactions, all of them from Tuesday 5:34 p.m. ET onward. Six created pools. Seven called Uniswap's PositionManager to modify liquidity, the most recent at 11:03 a.m. ET Wednesday. Two called reprice on a verified contract named PoolRepricer that the same wallet deployed, at 7:28 a.m. and 9:38 a.m. ET. Blockscout labels the token contract itself TokenizedStock.
The deployer's balance has fallen from 14,223,400 tokens to 906,981. The address holding the other 62% is down from 23,206,600 to 19,463,600.
Above The Dollar LineThe token and the stock traded apart all session. FAMI reached $1.83 in its USDG pool at 10:45 a.m. ET, the same five-minute bar in which the Nasdaq stock set its $0.50 high, and its five-minute highs stayed above $1.00 from 10:30 a.m. to 11:15 a.m., according to GeckoTerminal. Farmmi itself has to close at $1.00 or better for ten consecutive business days to cure a listing deficiency. Its token cleared the line for 45 minutes; the shares got halfway.
The token traded at $0.2135 at 2:28 p.m. ET, 45% above the stock, on $131.4 million of pool volume across 126,565 transactions.
Ninety Thousand Trades In Five HoursMoney Mushroom, ticker JINQIAN, deployed at 0xe81880c1C5054245e036359f5c7be31606E79F56 with a one billion token supply. Its pool against FAMI was created at 9:32 a.m. ET, two minutes after the Nasdaq open, and has turned over $92.0 million across 92,926 transactions from 9,255 buying addresses and 6,976 selling addresses, according to GeckoTerminal.
JINQIAN's first print was $0.00089 at 9:35 a.m. ET. It reached $0.0761 at 10:45 a.m., 85 times that, and traded at $0.0058 at 2:25 p.m., down 92% from the peak.
At least ten other memecoins launched against the FAMI token within half an hour of JINQIAN, including tokens ticking as FARMMI, MUER, FAMILY, GME and CASH CAT, DEX Screener records show. None cleared $300,000 in volume.
The Word In The FilingThe memecoin takes its name from Farmmi's product description. In its Form 20-F for fiscal 2025, filed Feb. 10, the company writes that “our Shiitake products include different varieties such as floral mushroom and Jinqian (‘money’) mushroom.” Farmmi supplies dried mushrooms and trades bulk cotton and corn out of Lishui, in Zhejiang province.
Farmmi's most recent filing with the SEC is a July 6 report on a $3.0 million share sale, according to EDGAR. The company has issued no statement on the token or the trading.
Ten Days Above A DollarFarmmi received a Nasdaq deficiency letter dated Aug. 11 for trading below $1.00 for 30 consecutive business days, the company said in an Aug. 12 press release. Under Listing Rule 5550(a)(2) it has until Feb. 8, 2027 to regain compliance, which requires a closing bid price of at least $1.00 for a minimum of ten consecutive business days. The company said it is monitoring the share price and evaluating options, and that any reverse split would have to be completed ten business days before the deadline.
Farmmi sold 7,000,000 Class A shares at $0.25 apiece plus pre-funded warrants for 5,000,000 more in a June offering underwritten by Aegis Capital, taking shares outstanding to 37,434,077, according to its prospectus supplement.
The Loop Traders WantedThe pairing mechanism has been running on Robinhood Chain since July without moving an underlying stock. BONER, a token built around the short interest in Hims & Hers Health, held more than half the tokenized HIMS float in a single pool in late August without moving the stock. On Monday a pseudonymous account claimed to have bought 37.4% of an unnamed Nasdaq company at $0.12 a share specifically to run the trade, and filed no Schedule 13D describing it.
0xSammy, an account with 91,200 followers that publishes a newsletter tracking tokenized equities, described Wednesday's sequence as “onchain meme → tokenized stock demand → viral screenshots → offchain penny-stock buyers,” and wrote that the meme has not saved the listing.
Robinhood launched the chain's mainnet on July 1 as infrastructure for tokenized securities, and it passed Solana in tokenized stock volume via memecoin pairs by late July and Ethereum in daily app revenue on Aug. 29. Total value locked stands at $756.7 million and 24-hour DEX volume at $1.69 billion, according to DefiLlama.
Stock data via Nasdaq at 2:28 p.m. ET. Onchain figures via GeckoTerminal, Blockscout and the Robinhood Chain RPC at 2:28 p.m. ET on Sept. 2.
, and it has become one of the network's most talked-about memecoin stories after posting a 180% gain over the past week. The token now carries a market value of roughly $30.7 million, though it still trades approximately 29% below its all-time high of $0.04285.
A Memecoin Built on Political Satire The project explicitly states it has no connection to Trump or any other public figure.
The project also applies a 0% transaction tax, features its website highlights as markers of transparency and security.
The Robinhood Chain Backdrop That openness has made room for community-driven projects like Chump Coin to gain a foothold alongside the chain's core financial products.
Memecoins are highly volatile and speculative assets. Always do your own research and never invest more than you can afford to lose.
Sources:
Chump Coin (CHUMP) on CoinMarketCap
CHUMP skyrockets over 6,700x since launch, Crypto.news
What Is Robinhood Chain? Eco.com
Pump.fun and its cofounders will have to defend against purchaser accusations that they orchestrated a memecoin launch scheme with hierarchical advantages for insiders.
Two of the three purchaser-plaintiffs adequately alleged Racketeer Influenced and Corrupt Organizations Act and RICO conspiracy claims against Pump.fun and the three executives, Judge Colleen McMahon said Monday.
They sufficiently pleaded wire-fraud and unlicensed-money-transmission predicates for racketeering activity, the US District Court for the Southern District of New York judge said, sparing some proposed class claims from dismissal. And they tied these pleaded predicate offenses to alleged injuries, namely that the purchasers had to pay transaction fees ...
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Artificial Inu, ticker $AI, is the largest stock-paired memecoin on Robinhood Chain, and its only deep market quotes it in tokenized Nvidia. The pool holds 8,783 $NVDA tokens, 16.2% of every tokenized Nvidia share on the chain. Buy the dog coin with stablecoins and the router buys Nvidia first, because Nvidia is where the depth is.
At least four launchpads now offer this as their default product, and it has become the single largest identifiable use of tokenized equities on the chain.
We read the pools directly. Across 19 of the most liquid Robinhood stock tokens, at block 51,651,897 (roughly 10:30 UTC on September 1, 2026), there are 432 live liquidity pools in which a tokenized equity is the quote asset for some other token. Those pools hold $8.84M of stock tokens against a total onchain float of $51.5M for the same 19 tickers, or 17.2%. In the last 24 hours they carried $95.3M of the $304.1M in DEX volume those tokens traded, or 31.3%.
Both figures are lower bounds, and the method is at the end of this piece. Prices and pool balances move fast here, so treat every number below as a snapshot at that block.
For scale: the 19 stock tokens traded $304M in the 24 hours before our read, while chain-wide DEX volume was $1.49B on August 31, the last complete day. Tokenized equities remain a minority of what happens on Robinhood Chain. The claim here is narrower: within that minority, memecoin pairs are now the dominant format.
What Actually Got Built We covered Robinhood Chain at launch in July: an Arbitrum Orbit L2 settling to Ethereum, built for tokenized stocks, with Uniswap v4 as the day-one AMM. The stock tokens are ERC-20 debt securities issued by a Robinhood subsidiary that track a share price without conferring ownership, blocked for US retail, and freely transferable by anyone who holds them.
That free transferability is what the launchpads built on. Anyone can put a stock token into an AMM pool against anything, and by mid-July several platforms had industrialized doing so.
Long arrived on the chain on July 14, letting a creator pick a stock token as the pricing and pairing asset for a new launch. Bankr followed on July 20 with the same idea across more than 90 tickers, pitching it as pools denominated in Tesla or Apple instead of stablecoins. Flap brought over its Stocks Vault, where, per its launch coverage, the meme pays holders a drip of $AAPL, $GOOGL, $NVDA, $PLTR, $SPY or the SpaceX wrapper out of fee revenue. PAIR, whose first pools appeared on August 29, quotes new tokens against a basket of several stock tokens at once rather than a single ticker, and describes itself as the first multipool RWA launchpad.
The mechanic is the same at all four. A conventional memecoin pool is TOKEN/$USDC or TOKEN/$ETH. These are TOKEN/$NVDA, TOKEN/$HIMS, TOKEN/$SPCX. Because that pool is where the liquidity is concentrated, dollar and $ETH buyers get routed through the stock token to reach it. Net demand for the joke becomes a standing bid for the equity wrapper, and the wrapper accumulates inside the pool as the other half of the memecoin’s liquidity.
The Numbers Stock tokens ranked by how much of their onchain supply now sits inside pools where they are the quote asset, read from the token contracts and DexScreener pool reserves at block 51,651,897:
Ticker Onchain supply Paired pools Held in them % of float 24h volume via paired pools Largest pair $HIMS 73,685 18 39,136 53.1% $13.5M (43.9%) $BONER $MSTR 8,941 24 2,952 33.0% $5.1M (42.9%) $SAYLORMOON $RBLX 8,217 14 2,603 31.7% $5.4M (41.5%) $OOF $NVDA 54,091 41 13,450 24.9% $12.9M (23.6%) $AI $TSLA 6,735 27 1,451 21.5% $3.9M (60.1%) $LONGDOG $GME 100,379 36 19,888 19.8% $4.9M (26.6%) $SHORT $AAPL 10,701 26 1,853 17.3% $6.3M (37.7%) $BELIEVE $PLTR 6,562 27 1,124 17.1% $3.6M (54.5%) $HI $SPCX 41,107 30 6,425 15.6% $13.2M (32.9%) $SPACEHOOD $GOOGL 5,204 21 664 12.8% $2.5M (44.2%) $GOOGOL $INTC 11,387 16 1,415 12.4% $0.6M (41.0%) $INCEL $AMZN 6,453 30 769 11.9% $3.2M (54.1%) $SENDER $META 2,028 21 191 9.4% $1.0M (49.2%) $SLOP $COIN 5,287 22 443 8.4% $1.0M (40.3%) $PANDA $SPY 14,771 31 1,018 6.9% $15.7M (19.3%) $STARTUP $AMD 3,175 22 191 6.0% $0.9M (51.0%) $CHIP $QQQ 2,682 22 68 2.5% $1.5M (32.1%) $CHAD Float here means onchain supply, the tokens that exist on Robinhood Chain, not the company’s shares outstanding. The percentage in the volume column is the share of that ticker’s total 24-hour DEX volume that ran through memecoin pairs. The aggregate totals also include $LMT and $IONQ, which are left out of the table: their entire onchain floats are worth $1,076 and $7,748 respectively, which makes the percentages meaningless. For eleven of the seventeen tickers above, more than 40% of the wrapper’s trading is a side effect of somebody trading a joke.
Those percentages are possible because the floats are tiny. Tokenized Meta is 2,028 tokens, about $1.2M. Tokenized Palantir is 6,562 tokens, about $1.2M. At that size a single memecoin can absorb a large share of the supply without anything unusual happening.
Reserves relative to volume are just as thin. The $STARTUP/$SPY pool turned over $3.5M in a day on 27.4 $SPY tokens of inventory, roughly $21K worth. A pool that shallow reprices on almost any order, which is the fragility behind the weekend premium described later.
The two largest pools: $AI/$NVDA holds 8,783 $NVDA against a memecoin marked at roughly $188M, and it did $6.2M of volume in 24 hours. $BONER/$HIMS holds 37,172 $HIMS on its own, 50.4% of every tokenized Hims & Hers token on the chain, against a $55M memecoin, and it did $12.5M. Long’s own account claimed on August 27 that “23%+ of the total NVDA supply is now backing $AI,” a broader definition than pool reserves that presumably includes its vault; our verified pool-only figure is 16.2%, and 24.9% once every NVDA-quoted pool on the chain is counted.
The Jokes Are About the Companies The largest pair for each ticker follows a pattern. $SAYLORMOON against MicroStrategy. $INCEL against Intel. $CHIP against AMD. $SLOP against Meta. $SHORT against GameStop. $OOF against Roblox. $GOOGOL against Alphabet. $SPACEHOOD against the SpaceX wrapper. $BONER against the company that sells erectile dysfunction treatment.
Every one of them is a joke about the company whose token quotes it. In the last memecoin cycle the reference point was usually a cat or a politician. Here it is an equity, and the coin carries a view about that equity.
The namespace collides as a result. There is a token on this chain called GameStop, ticker $GME, marked at $4.06M, that is not Robinhood’s tokenized GameStop; it is a memecoin quoted against Robinhood’s tokenized GameStop, and it traded $652K in 24 hours. There is a “NVIDIA Robinhood Coin” with the ticker $NVDA at $880K that is not the $NVDA anyone means. A buyer reading a ticker rather than a contract address on this chain is one click from owning something entirely different from what they think.
Why Anyone Builds This The format spread because it solves a real problem for a launchpad: a memecoin’s fees are normally paid in a currency nobody wants to hold.
Artificial Inu publishes its mechanic on its own site. Buys pay their fee in $NVDA, and 80% of that goes to a community vault described as “real stock tokens, held forever.” Sells pay their fee in $AI, and that half is split evenly between a burn and a permanent lock in the same vault. The stated net effect is that “the Vault only grows and the $AI supply only shrinks. Volume is the engine.” Long said on August 30 that roughly $3M of $AI had been taken out of circulation through its burn and lock mechanisms.
The result is a token whose treasury accumulates Nvidia exposure out of its own churn. Flap applies the same logic more literally, passing the fee revenue straight through to holders as a stream of tokenized stock. Bankr, per Foresight News, pays creator fees out in the paired stock token.
A dog coin paired against $ETH turns speculative churn into $ETH for whoever collects the fees. A dog coin paired against $NVDA turns the same churn into a claim on a wrapper that tracks a real company, held by a token treasury. Whether that vault survives the token going quiet is the open question, and no project has reached that point yet.
Most of the money, though, is being collected a layer down. Uniswap V4 on Robinhood Chain earned $6.5M in fees in 24 hours, out of $14.3M chain-wide, per DefiLlama at the time of writing. The Pons launchpad’s V2 contract earned $4.2M. Chain TVL reached $740M on September 1, up from $374M on August 1, and DEX volume on the last complete day, August 31, was $1.49B.
What It Does to the Stock Token The mechanism has one well-documented failure mode, and it happened over last weekend. We covered it in detail: a memecoin absorbed most of the tokenized Hims & Hers float, pushing the wrapper as much as 112% above its NYSE close during the 48 hours when the issuer could not mint more, and the premium collapsed within two hours of the first Monday mint.
Since then, Robinhood’s issuer has minted aggressively into that gap, and the tokenized $HIMS float has gone from the 15,227 tokens we measured before the squeeze to 73,685 at our pinned block, an expansion of 4.8x in about two days. And 53.1% of that much larger float is sitting back inside the memecoin’s pool. The supply response worked, in the sense that the premium is gone. It did not reduce the share of the float the memecoin controls; it just gave the pool more to absorb.
The pattern generalizes past $HIMS. Long posted on August 29 that fourteen of its markets each held at least 5% of the circulating supply of their paired stock. Our own read puts three tickers above 30% and eight above 17%. The float squeeze was the expected behavior of a design that is now replicated across dozens of tickers, and it recurs every weekend that a stock token’s issuance calendar goes dark while its AMM stays open.
The analyst @0xSammy, whose thread triggered our coverage of the $HIMS event, put the same worry in one line on August 31: “user growth is currently outrunning available onchain float.” He counts 203,000 wallets holding tokenized equities, up 46% in three days, and reports a second isolated pool, $CINEMA against tokenized $AMC, trading at multiples of spot on the same weekend. We have not independently verified the $AMC pool.
Where the Mechanism Stops Some coverage of this boom has claimed that stock-paired memecoins are moving real share prices. Nothing we can see supports that, because the mechanism ends at the wrapper.
When $BONER cornered the tokenized $HIMS float, no Hims & Hers share changed hands, no short position was touched, and the NYSE opened Monday to a stock that did not know anything had happened. The wrapper is a warehouse receipt; you can corner the receipts without touching the commodity. What the memecoin flow genuinely does is create inventory pressure on the issuer, which mints when its broker acquires the underlying, so sustained memecoin demand does eventually reach the real market. That flow is a few million dollars against companies capitalized in the billions.
The gate asymmetry we flagged in July has not moved either. The wrapper is blocked for US retail; the memecoin quoted against it is not. In the Distributed versus Represented framing we use for tokenized assets, the composable half of these tokens has been fully colonized while the half that keeps them honest stays permissioned and on a Monday-to-Friday schedule.
The Frontier Is Leverage as a Quote Asset At 01:19 UTC on September 1, Long announced LongX: an ERC-20 called $NVDA3x that wraps a 3x leveraged Nvidia perpetual position held on Lighter, mintable and redeemable against the contract, and tradeable in its own pool. The stated plan is to open full pairing mode so anyone can launch a memecoin quoted in it. At 05:06 UTC the team said that LongX already held 16% of all $NVDA open interest on Lighter, bootstrapped through that single asset. Their own post calls the system experimental and asks people to trade carefully.
The stack now runs four deep: a share of Nvidia, wrapped as a debt security by a broker, wrapped again as a 3x perpetual position on a separate venue, wrapped a third time as an ERC-20, then used as the pricing asset for a joke token. Each wrapper adds a peg that holds only while its own maintenance mechanism is awake, and the weekend problem that produced the $HIMS squeeze applies to every one of them at once.
What to Watch Robinhood Chain launched with a 90-day gas subsidy, which by several ecosystem accounts expires around early October. Some unknown share of the volume in the table above is fee-insensitive churn that has never had to pay for itself.
The vaults are the other unresolved question. Every stock-paired launch promises that fee revenue accumulates into stock tokens held permanently, and none of these projects has yet gone through the part of the cycle where the memecoin stops trading and somebody has to decide what the vault is for. Until one does, the treasury claim is an untested design.
Target selection is worth tracking too, because small floats are what make a corner cheap. Of the nineteen tickers we read, nine carry less than $1.5M of onchain float, seven of them in the table above. The only real fix on the issuer’s side is carrying inventory across the weekend, which costs money and which nothing in the supply data suggests anyone is doing yet.
So far the most successful use anyone has found for tokenized equities is as the denominator of a memecoin, which is some distance from what Robinhood described in July. It is generating real fee revenue and has put equity wrappers into a couple of hundred thousand wallets. It also breaks the wrapper’s price most weekends, and the launchpads are still adding tickers.
Method and Caveats Token supplies are read via totalSupply on each Robinhood stock token contract at block 51,651,897 on Robinhood Chain, roughly 10:30 UTC on September 1, 2026. Pool membership, reserves, and 24-hour volumes come from DexScreener at the same time, taking the union of its per-token pool listing and five search queries per ticker, then deduplicating by pool address.
That union is not exhaustive. DexScreener caps its per-token listing at 30 pools, which is why our first pass showed zero paired pools for $SPY and $SPCX and the second pass found 31 and 30. Both aggregate figures, 17.2% of float and 31.3% of volume, are therefore floors rather than measurements. Prices used to value floats in dollars are the DexScreener spot marks at the same read, which are onchain prices and can sit above or below the reference share price. Where a figure comes from a launchpad’s own account or from a third-party analyst rather than our reads, it is attributed inline.
The Official Trump (CRYPTO: TRUMP) memecoin turned heads in August with strong gains, but the real standout was a little-known cryptocurrency with a market capitalization a fraction of blue-chip currencies.
PONS Steals the SpotlightPons (PONS), based on the Robinhood Chain developed by Robinhood Markets Inc. (NASDAQ:HOOD), emerged as the market’s top gainer this month, surging 1256%.
PONS is a non-custodial token launchpad, allowing users to create and trade fixed-supply tokens directly from their wallets.
PONS has been on a tear since its launch last week. The momentum has grown, sending the token to its all-time high of $0.3981 on Sunday.
Helium (CRYPTO: HNT) came in a distant second, rallying over 300% in the month. Stacks (CRYPTO: STX), a Bitcoin (CRYPTO: BTC) Layer-2 token, delivered returns of more than 80%.
TRUMP continues to rank among the biggest beneficiaries of the late August rally. The President Donald Trump-themed memecoin lifted 67% to become one of the bright spots of the market.
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The BONER/HIMS pool on Robinhood Chain holds 31,198 of the 58,714 tokenized Hims & Hers shares that exist. With the NYSE closed on Sunday night, the tokenized stock printed $132.64 against an equity that had closed Friday at $28.84.
A memecoin built around the short interest in Hims & Hers Health has absorbed more than half of the tokenized shares of the company on Robinhood Chain, and with that float locked away the tokenized stock printed four and a half times the price of the actual equity over the weekend.
Robinhood's tokenized equities have a float small enough for a single memecoin launch to corner, and no way for an ordinary holder to expand it. Robinhood spent the summer pitching its Layer 2 as infrastructure for real-world assets; the tokenized stocks on it are now mostly collateral for memecoin pairs, and this weekend those pairs began setting the price of the wrapper.
BONER traded at $0.04125 at 17:06 UTC on Monday, up 1,054% over 24 hours, with a market capitalization of $41.3 million and $19.8 million of volume across its pools, according to DEX Screener. Its main pool pairs it against HIMS, the Robinhood Chain token that references Hims & Hers stock. That pool went live on Aug. 20. BONER closed Aug. 27 at $0.000138, which puts the move since at roughly 300-fold.
How It WorksThe mechanics come down to seven steps.
One. Robinhood does not issue tokenized stock itself. Robinhood Assets (Jersey) Limited, a Jersey subsidiary, buys the real share, parks it with a US custody partner and issues one token against it. Per Robinhood's Stock Tokens page, "every single Stock Token in circulation is backed 1:1 by the corresponding underlying equity."
Two. Only one firm can create or destroy those tokens. The Stock Tokens docs state that "only Authorised Participants (at issuance, the only Authorised Participant is BBVI) may subscribe for Stock Tokens directly from RHJ after KYB onboarding." A trader who wants more tokenized HIMS cannot make it. The developer guide repeats the point: "Direct mint/burn is available only to Authorized Participants / market makers and requires KYB onboarding."
Three. That keeps the onchain float tiny. Hims & Hers has about 233 million shares outstanding, per its latest 10-Q. On Robinhood Chain there were 58,714 tokenized ones as of 17:12 UTC Monday — roughly one for every 4,000 real shares.
Four. Two launchpads, Bankr and long.xyz, let anyone mint a memecoin whose trading pair is a stock token instead of a stablecoin. Buying the memecoin means paying stock tokens in.
Five. In an automated market maker, what you pay in stays in the pool. Every BONER purchase moved tokenized HIMS out of circulation and into the BONER/HIMS pool. Ten days of buying moved half the float there.
Six. What was left in the ordinary HIMS/stablecoin pools got thin, and thin pools move on small orders. Over the weekend, with the NYSE shut and no live stock price to arbitrage against, a few thousand dollars of buying pushed the token to $132.64. That print came on $39,000 of volume in the hour.
Seven. Two things closed the gap. The NYSE reopened, and BBVI minted new tokens into the premium. By midday Monday in New York the token was back near the stock.
Half The Float, LockedThe HIMS token contract on Robinhood Chain reported a total supply of 58,714 tokens at 17:12 UTC on Monday. Of those, 48,477 — 83% — sat inside the Uniswap v4 pool manager, the single contract that custodies liquidity for every v4 pool on the chain. Uniswap deployed v2, v3, v4 and UniswapX on Robinhood Chain on July 2, the day after the chain went live.
DEX Screener puts 31,198 of those tokens, 53% of everything issued, in the BONER/HIMS pool alone, with another 1,424 spread across eight other memecoin pools. That leaves 20,303 in the HIMS/stablecoin and HIMS/ETH pools where price discovery is supposed to happen.
The float is small in absolute terms. At the $29.41 the equity traded at on Monday afternoon, all 58,714 tokenized shares are worth about $1.73 million. BONER's market capitalization is 24 times that. The HIMS token itself turned over $13.5 million in 24 hours, close to eight times the value of the entire float, per CoinGecko.
The $132 Weekend PrintPrice data from the HIMS/USDG pool shows the dislocation arriving on Sunday evening. The token printed a high of $114.24 in the hour to 21:00 UTC on Aug. 30, then $132.64 in the hour to 22:00, then $115.04 in the hour to 23:00, then $59.28 in the first hour of Monday UTC. Hourly volume behind those three prints was $206,000, $39,000 and $327.
By 16:00 UTC on Monday — noon in New York, with the US market open — the pool was quoting $30.10 on $1.27 million of hourly volume, against $29.65 on CoinGecko and $29.41 for the equity.
Ondo's tokenized HIMS is the control group. Ondo Finance issues its own wrapper for the same stock, with about 1.04 million tokens outstanding and a $30.8 million market capitalization — eighteen times the Robinhood Chain float. It traded at $29.44 through the same period and tracked the equity the whole way.
Only BBVI Can MintSupply expands when BBVI chooses to expand it, and on Monday it was choosing to. The HIMS total supply on chain rose from 54,641 tokens shortly after noon ET to 58,714 by 1:12 p.m., about 4,000 new tokenized shares issued into the premium in under an hour. Most of that new supply landed in the stablecoin pools rather than the memecoin ones, which is what pulled the price back toward $29.
Robinhood describes the tokens as "tokenised debt securities" that provide "economic exposure to underlying securities like US shares and ETFs, but does not grant investors any legal or beneficial rights in, or against the issuer of, those underlying securities." They are not registered under US securities law and are unavailable to US, Canadian, UK and Swiss residents. Three SEC divisions said in a joint statement in January that "the format in which a security is issued or the methods by which holders are recorded … does not affect application of the federal securities laws," and that holders of third-party wrappers "may be exposed to risks with respect to the third party, such as bankruptcy, to which a holder of the underlying security would not necessarily be exposed."
Point One PercentThe project's premise is a short squeeze, and Hims & Hers is a reasonable target for one. The telehealth company, which sells generic erectile-dysfunction and weight-loss prescriptions by subscription and reported $753 million of revenue and close to 3 million subscribers in the second quarter, is one of the most heavily shorted mid-caps on the NYSE: about a quarter of its shares outstanding are sold short.
The project's own fine print disposes of the squeeze idea. boner.fyi counts vaulted shares against that short position under a section titled "The Flippening," then concedes that a liquidity pool of this size "cannot, on its own, cause a short squeeze. The monument knows this. The monument does not care."
The arithmetic backs the disclaimer. The site displays 62,215,733 shares short, the figure FINRA published for the Jul. 31 settlement date; the regulator collects and publishes consolidated short interest twice a month. FINRA's data shows the position fell 5.7% to 58,674,597 shares at the Aug. 14 settlement, the most recent published, with 4.49 days to cover. Every tokenized HIMS share in existence amounts to 0.1% of that.
The equity has not noticed. HIMS traded at $29.41 on Monday afternoon, up 2% from Friday's $28.84 close, with a market capitalization near $6.9 billion and a session range of $28.64 to $29.79. BONER's market capitalization is 0.6% of the company's.
Saylormoon And FriendsBONER is the largest case in a category that now spans the chain. Robinhood Chain's most active memecoin pools are paired against tokenized stocks rather than stablecoins: SAYLORMOON, a Strategy-themed token, against tokenized MSTR at $2.8 million in 24-hour volume; TSLA/SHRUB at $3.8 million; amc/CINEMA at $5.7 million; SPY/BUDDY at $3.7 million, per GeckoTerminal. SAYLORMOON alone holds 26% of the tokenized MSTR supply on chain, and memecoin pools hold about 11% of tokenized TSLA.
Nine memecoins now trade in HIMS-quoted pools. Four of those pools opened on Monday: PENIS at 03:35 UTC, TRBNR at 08:54, VIAGRA at 09:33 and HIMGAJRIA at 15:06. Uniswap runs its own launchpad on the chain alongside Bankr and long.xyz.
Built For RWARobinhood Chain is Robinhood's own Ethereum Layer 2, live since July 1 and built on Arbitrum technology. Its total value locked reached $727.4 million on Monday, up from $619.6 million on Aug. 26, according to DefiLlama. The chain took $2.66 million in 24-hour application revenue, ahead of Ethereum and Hyperliquid, with 88% of it from the Telegram trading bot GMGN, the launchpad Pons and Uniswap.
The Defiant reported in July that Robinhood Chain had overtaken Solana's tokenized stock venues on DEX volume on the back of memecoins launched against stock-token liquidity, and that the chain's metrics were surging as it leaned into memecoins while tokenized securities stayed under $13 million. CEO Vlad Tenev said at launch that the chain "exists to make real world assets programmable, globally portable, and always available," and a week later that "while we're building robinhood chain to be the best chain for RWA … it works great for memes too."
Both are now true at once, and over the weekend the second was pricing the first.
The Official Trump (CRYPTO: TRUMP) memecoin pulled back sharply on Tuesday after a week of solid gains.
TRUMP Retreats SharplyTRUMP fell more than 11% in the last 24 hours, cooling off a powerful rally that delivered nearly 60% gains over the past week.
The coin’s trading volume fell 33% over the last 24 hours, signaling thin activity.
The move came amid a broader pullback across the cryptocurrency market, with blue-chip currencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) giving up gains from their recent highs.
Increasing Scrutiny on TRUMP MemecoinLaunched shortly before Donald Trump’s presidential inauguration in January 2025, the TRUMP memecoin hit a peak market capitalization of $9 billion. Its fully diluted valuation, accounting for Trump-linked holdings, climbed as high as $75 billion.
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However, the coin fell as quickly as it had risen. It has plunged 97% from its all-time highs, while its market capitalization has collapsed to $552 million
Cryptocurrency24-Hour Gains +/-1-Week Gains +/-YTD Gains +/-1-Year Gains +/-Official Trump-11.65%+55.64%-55.25%-73.55%Nearly 1 million people lost money on the coin, racking up $3.8 billion in total losses through the end of June. Meanwhile, Trump himself made nearly $636 million in royalties and licensing fees related to "Celebration Coins" last year alone, according to his 2025 financial disclosure.
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Earlier this month, Sen. Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-CT) asked the SEC to investigate the TRUMP memecoin, calling it a potential "illegal scam."
Price Action: At the time of writing, TRUMP was exchanging hands at $61,237.57, up 3.42% in the last 24 hours, according to data from Benzinga Pro.
Robinhood Chain recorded a new daily RWA trading volume high of $85.1 million on August 25. Tokenized stocks led activity with $66.6 million, representing about 78% of total daily volume. Memecoin-versus-stock pairs contributed $10.4 million, down sharply from their dominant share in late July. ETFs and treasuries generated $4.8 million, while commodities added another $3.3 million. Robinhood Crypto recently added 100 new stock tokens, bringing the total available to more than 190. Uniswap now provides nearly 99% of stock token liquidity on Robinhood Chain, with Uniswap v4 accounting for about 73%. Robinhood Chain recorded a new real-world asset trading volume high of $85.1 million on August 25. Stock tokens led activity, accounting for $66.6 million, or about 78% of total volume across the platform. A Dune dashboard compiled by analyst adam_tehc showed $10.4 million from memecoin-stock pairs, $4.8 million from ETFs and treasuries, and $3.3 million from commodities.
100 more Robinhood Stock Tokens are now live on Robinhood Chain, bringing the total to 190+.
Supported across Robinhood Chain and any compatible self-custody wallets. pic.twitter.com/88hzZdU0N5
— Robinhood Crypto (@RobinhoodCrypto) August 13, 2026
Robinhood Chain Stock Trading Takes Lead The data marks a change from late July. On July 26, memecoin-versus-stock pairs accounted for about 73% of daily volume. By August 25, that share had fallen to 12%, while direct stock token trading became the main source of activity.
The shift followed weeks of rising equity trading. Stock token activity grew as traders gained access to more listed assets and deeper liquidity. The August 25 record also came after Robinhood Crypto expanded the number of stock tokens available.
More Stock Tokens Expand Trading Choices Robinhood Crypto added 100 stock tokens earlier in August, lifting the total available to more than 190. The wider selection gave traders more companies and additional trading pairs.
Liquidity increased across the network. Uniswap now accounts for almost 99% of stock token liquidity on Robinhood Chain. Uniswap v4 represents about 73% of that amount, according to the cited data.
Several Uniswap pools pair individual stock tokens with SPY, the token linked to the S&P 500 exchange-traded fund. These pools use assets that often move in similar directions, which can reduce price differences between paired assets.
Ten of these pools generated more than $33 million in trading volume from over 11,000 traders in 12 days. Higher liquidity can support larger trades by reducing the price movement caused by individual orders.
Nvidia Earnings Add Market Activity The record arrived one day before Nvidia was scheduled to report earnings after the U.S. market close on August 26. Nvidia remains among the most traded stock tokens on Robinhood Chain, making the earnings event a source of trading interest.
Robinhood Chain operates continuously, allowing tokenized stock trading outside normal U.S. market hours. The network averaged about $25 million in daily activity through much of August. Future trading data will show whether the higher volume continues after the Nvidia earnings period.
Memecoin trading on Solana just hit levels not seen since January, with weekly spot DEX volume surging past $5.2 billion in mid-August. The network that once seemed to be cooling off from its speculative heyday is heating up again, fueled by viral tokens, reactivated wallets, and platforms purpose-built for degeneracy.
As recently as late May, weekly memecoin volume on Solana had cratered to roughly $1.8 billion. That’s nearly a threefold increase in under three months.
The numbers behind the revival Solana processed a record 4.2 billion onchain transactions in July, representing a 13.5% jump from the prior month and up 91% compared to December 2025.
During the week of July 20-26, memecoins accounted for 29% of all spot DEX volume on Solana, the highest share since August 2025. On certain days, that figure briefly spiked to 42%.
The catalyst for the latest wave appears to be ANSEM, a memecoin that surged approximately 299% in a single week during July. Platforms like Pump.fun and its successor PumpSwap have been central to the action, channeling hundreds of millions in daily DEX volume, and have been instrumental in reactivating wallets that had gone quiet during the spring lull.
SOL’s price tells a different story Despite this explosion in trading activity, SOL itself has been trading around $96, largely unmoved by the frenzy happening on its own network. This decoupling between onchain activity and token price suggests that the current volume surge is driven primarily by speculation within the memecoin layer rather than fresh capital flowing into the Solana ecosystem itself.
What’s driving the speculation Back in January 2026, memecoin daily volumes on Solana were already hitting $1-2 billion before the mid-year correction brought everything down. Solana’s sub-cent transaction fees and near-instant finality make it uniquely suited for the kind of rapid-fire trading that memecoins demand.
Traders watching this space should keep an eye on two metrics: the memecoin share of total DEX volume, which at 29% is already elevated, and SOL’s price response to continued volume growth. If trading activity keeps climbing and SOL remains pinned near $96, it would reinforce the thesis that current demand is internally rotational rather than driven by new money entering the ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The rally in the cryptocurrency market has apparently whetted Solana degens' risk appetite as memecoins recently came back into the spotlight. Solana's memecoin market has seen a sharp surge, with weekly spot trading volume reaching $5.20 billion, its highest level since November 2025.
The surge extends beyond secondary-market trading. Solana launchpads processed roughly $169.3 million in bonding curve volume yesterday, August 25, reaching its highest level since January.
The rebound also coincides with a broader increase in Solana trading activity. Blockworks data shows Solana DEX volume reached roughly $21.2 billion last week, meaning memecoins represented about 25% of total DEX volume.
Solana Captures 85% of Memecoin Volume Solana's lead becomes clearer when compared with other major ecosystems. Ethereum recorded $9.6 billion in weekly spot DEX volume, but only $82.9 million came from memes, or about 0.9% of total volume.
BNB recorded $7.1 billion in weekly spot volume, with memes contributing $412.4 million, or roughly 5.8% of total volume.
Base generated $6.55 billion in weekly spot volume, while memes accounted for just $31.06 million, or roughly 0.5%.
Robinhood recorded $1.87 billion in weekly spot volume, with memes contributing $389.17 million, or about 20.8%.
Solana's $5.2 billion in meme volume dwarfs the other ecosystems. It represents about 12.6 times BNB's meme volume, 13.4 times Robinhood's, 62.7 times Ethereum's, and 167.4 times Base's. Across these 5 markets, Solana accounts for roughly 85% of combined weekly meme spot volume.
SocialFi Rivalry Fuels Memecoin Resurgence SocialFi is intensifying Solana's meme revival as fomo and Pump.fun compete for trader attention. According to Dune data, fomo posted a record weekly volume of $630.83m last week, with Solana accounting for about 44% of its activity.
Pump has responded with social features such as Callout Rewards, which pays users in $USDC when others trade the tokens they shill. Pump.fun has also acknowledged that it funds the rewards from its company treasury, reflecting the intensity of the competition.
Pump has also expanded into cross-chain trading, prompting concerns that it could weaken its Solana focus. Pump.fun cofounder Alon argues the move will instead serve as a user-acquisition strategy. Pump charges no fee on $SOL swaps, while cross-chain fees recently fell to 0.1% to cover bridging costs. Although the service may lose money initially, Pump expects users to eventually discover its Solana launchpad, where the company generates revenue.
The strategy reflects a broader race to control the social feed, token discovery process, and trading interface. More users and content could create a feedback loop that ultimately directs activity back to Solana.
Are Memes Solana’s Biggest Use Case? The renewed activity has revived an old debate about Solana's relationship with memecoins. Solana Foundation Chief Product Officer Vibhu Norby opined that “memecoins are the best and only appealing mainstream use case for crypto, and generate the vast majority of crypto REV”.
Superteam USA CMO Amy Street agreed with that sentiment, arguing that meme-driven FOMO is the only push driving large numbers of people to learn about crypto.
For now, the clearest signal is that traders have returned to Solana's “casino”, and they are launching and trading tokens at a pace not seen in months.
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AURA, a Solana-based memecoin built around the viral "aura points" internet trend, has surged roughly 50% in the past 24 hours to trade at around $0.0246. The token is now up more than 110% over seven days, with its market capitalisation climbing to approximately $23 million.
Riding a Cultural Wave The token draws its identity directly from a social media phenomenon that has grown steadily since the early 2020s.
AURA (contract address: solana:DtR4D9FtVoTX2569gaL837ZgrB6wNjj6tkmnX9Rdk9B2) attempts to turn that cultural moment into a community-driven token ecosystem on Solana. The combination of a recognisable meme identity and an interactive product layer has helped the token maintain community momentum beyond typical short-lived launches.
A History of Sharp Moves This latest rally is not the token's first brush with explosive price action. The token has previously demonstrated extreme sensitivity to external catalysts.
The current move appears to be driven by organic community momentum rather than a single external catalyst, with the seven-day gain suggesting sustained buying rather than a one-day spike. Even so, traders should treat the token with caution given the sector's track record.
Sources:
Yellow.com: AURA On Solana Surges As Meme Coin Speculation Returns
Merriam-Webster: Aura Slang Meaning
MEXC: What is AURA Coin? Complete Guide to Solana's Viral Culture Token
The memecoin launched by the author of the GTA 6 leaks has just lost 46% in 24 hours. CYBERLEEK had reached 25 million dollars in market capitalization thanks to nine days of unreleased game videos. Its creator finally sold 15.4 million tokens and recovered several hundred thousand dollars. A few hours later, Rockstar was to officially present new footage of GTA 6.
In brief CYBERLEEK lost about 46% in 24 hours. Its creator would have cashed more than 250,000 dollars in total. The token rose to 25 million dollars in market cap on August 23. The CYBERLEEK crypto climbs thanks to GTA 6 leaks The story starts with videos that Rockstar hadn’t yet published. Their author is gradually releasing them on the Internet with the name of his Solana memecoin directly embedded in the images. Solana memecoins already attract a huge number of traders despite frequent losses.
CYBERLEEK immediately benefits from the attention around GTA 6. The message accompanying some clips didn’t even hide the strategy: the higher the market cap rose, the more new leaks were supposed to arrive. The token eventually reached a 25 million dollar valuation on August 23.
Its price peaked at 0.0344 dollars. Tens of thousands of wallets bought in. Between 68,000 and 78,000 wallets still hold CYBERLEEK after the drop. Then the creator starts cashing out. The timing falls just before Rockstar’s first official gameplay presentation.
15.4 million tokens move in one transaction On-chain data first shows about 146,000 dollars recovered in wrapped SOL. The creator also had 15.4 million CYBERLEEK tokens from fees generated by the token’s activity.
He sells the entire lot. A single transaction brings him about 125,000 dollars in SOL. The total amount withdrawn would exceed 250,000 dollars according to an independent analysis conducted around the wallets involved. The funds were then distributed among four new addresses.
At least 91 SOL reportedly joined KuCoin. One detail matters here. The tokens sold did not come from the creator’s initial allocation, which would have been burned previously. They came from fees paid based on trading volume.
This mechanism exists on several memecoin launch platforms. Pump.fun actually modified its fee system after recognizing that the old incentives encouraged some bad behaviors. For CYBERLEEK, the market reaction was quick. The price falls to around 0.0097 dollars. The market cap returns to near 7 million.
Rockstar is now looking for the leaker Take-Two, Rockstar Games’ parent company, is not watching the matter from afar. The company would be seeking to identify the person behind the videos and has apparently submitted legal requests to X, Microsoft, and Discord.
The on-chain trail could also provide some clues. Investigators following the transactions claim the initial funding traces back to a KuCoin account subject to KYC procedures. This could facilitate identifying the owner if authorities obtain the necessary information from the platform.
Rockstar has already described the leaks as a difficult situation for its teams. GTA 6 also represents sums far larger than CYBERLEEK. Take-Two forecasts between 8 and 8.2 billion dollars in net bookings for its 2027 fiscal year. Some analysts expect 45 million copies of the game sold during its launch window.
The memecoin benefited from this anticipation over nine days. The episode also recalls numerous cases where insiders sell tokens while retail investors buy. A lawsuit concerning Solana memecoins is already examining accusations of advantages granted to some insiders. CYBERLEEK had reached 25 million dollars. The creator cashed out. The token is now worth about 7 million.
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California lawmakers have passed a bill that would prohibit public officials and public employees from issuing meme coins, sending the measure to Governor Gavin Newsom for a final decision. Assembly Bill 2409, authored by Assemblymember Valencia, cleared its last legislative hurdle on August 26 when the Senate approved it on a 40–0 vote and the Assembly concurred in the Senate’s amendments 78–0, according to the bill’s LegiScan record. The measure has now entered the enrolled stage and awaits the governor’s signature or veto.
What AB 2409 Would Prohibit The bill adds a new chapter to California’s Government Code barring any public officer or public employee from issuing a meme coin. It also reaches the platforms that would list such tokens: beginning January 1, 2027, a digital asset service provider could not list for sale on behalf of, or for purchase by, a California resident any meme coin issued on or after that date that is offered by, or in partnership with, a federal, state or local public official. The state attorney general, district attorneys, city attorneys and county counsel would be authorized to enforce the ban through civil actions seeking injunctive relief and disgorgement.
Why California Is Acting Now The measure arrives after political meme coins proved costly for everyday buyers. The TRUMP memecoin launched by Donald Trump before his return to the White House ultimately erased billions in value, a collapse BlockchainReporter detailed as insiders extracted roughly $4 billion while nearly a million retail buyers absorbed losses. State lawmakers have framed AB 2409 as a way to keep public trust and public office separate from speculative token launches, an effort that runs alongside federal debates over the CLARITY Act and broader crypto market-structure rules.
What Happens Next The decision now rests with Governor Newsom, who can sign the bill into law or veto it. If enacted, the prohibition on officials issuing meme coins and the platform-listing restriction would take effect in January 2027. For exchanges and digital asset service providers, the practical question will be how to identify and screen meme coins tied to current or former public officials. Until the governor acts, the measure remains pending legislation rather than settled law.
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Entrepreneur and freelance writer based in Nakuru, Kenya. I cover cryptocurrency, the Blockchain technology, and financial topics. It’s my joy to transform the simplest phrases in a way they reach a reader’s heart to help them discover how crypto is disrupting the world as we have known it. I believe in transforming the world, one word at a time.
California takes a new crucial step in regulating memecoins and digital assets linked to Californian elected officials. Bill AB 2409, led by Avelino Valencia, distinguishes rules applicable to public officials and digital providers. After its adoption by the Senate on August 26, the Assembly unanimously validated the amendments. The bill still has to go through final formalities before being reviewed by Governor Gavin Newsom. It notably targets the issuance of tokens by certain individuals exercising public authority in California. A targeted ban for public officials
In brief The California Senate adopted AB 2409, a bill aiming to ban public officials from issuing derivative currencies. The Assembly unanimously validated the Senate’s amendments with 78 votes for and none against, before Governor Gavin Newsom’s review. The measure targets elected officials and certain public employees, particularly those holding decision-making power over contracts and calls for tender. The bill aims to prevent conflicts of interest, corruption risks, and circumvention of financial transparency rules. A targeted ban for public officials Bill AB 2409 proposes to prohibit any public official or concerned public sector employee from issuing a derivative currency. The rule targets memecoins when a public official offers a token in exchange for value. The bill considers issuance any making available of a token for purchase, gift, or exchange. This definition applies even without project promotion.
The definition of public official in the text covers individuals elected or appointed at the state and local government levels. It includes members of the California Legislative Assembly, as well as members of councils, commissions, and advisory committees. Memecoins are therefore not the only element targeted, as the measure more broadly addresses derivative currencies.
The provision concerning public employees adopts a narrower scope. It concerns employees of government entities holding decision-making power over calls for tenders and contracts. The bill would add these prohibitions to a new chapter of the California Government Code regarding prohibited digital financial transactions.
The law aims to limit conflicts of interest California lawmakers justify this restriction by citing the use of public authority. According to the text, public officials should not exploit their position to enrich themselves. The issuance or promotion of memecoins could create conflicts of interest and risks of corruption. The provision also mentions exploitation and foreign influence.
Avelino Valencia had already defended this logic in April during the bill’s review by the assembly’s banking and finance committee. He explained that platforms facilitated the creation of cryptocurrencies based on memes. According to him, this ease could allow ill-intentioned individuals to circumvent existing rules. These rules concern financial transparency and conflicts of interest.
In this context, memecoins become a specific case in the debate over the political use of digital assets. However, the law does not only target tokens inspired by memes. Its mechanism relies on the status of the person issuing a currency and their public authority. The bill therefore seeks to regulate the relationship between public service, digital transactions, and financial interests.
The vote paves the way for the governor’s review The California Senate adopted AB 2409 on August 26. The Assembly then approved the Senate’s amendments by 78 votes to none. After this stage, the bill was sent for finalization. It must now be submitted to Governor Gavin Newsom.
The timing comes as some memecoins linked to public officials have caused losses. The report from Public Citizen estimates losses for investors in the Official Trump token at 3.2 billion dollars. The majority of these losses would remain hidden. TRUMP ranks fifth among memecoins, with a market capitalization of 688 million dollars, according to CoinMarketCap data.
In the most recent week mentioned, TRUMP had increased by 53%. This rise followed a 67% drop over the past year. The Trump family’s activities in cryptocurrencies have also created challenges around the US CLARITY Act. A bipartisan, non-public ethics amendment could allow Trump to defer capital gains tax on mandatory sales.
Everything now depends on the governor’s review and the final stages. If the bill continues its course, memecoins issued by public officials could be specifically banned in California. AB 2409 would thus strengthen cryptocurrency regulation by establishing a boundary between public service and digital currency issuance. Its development will indicate how the state intends to regulate these instruments in the future.
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At 23:36:14 UTC on Sunday, August 30, 2026, tokenized Hims & Hers stock printed $61.15 in its main dollar pool on Robinhood Chain. The real share had closed Friday on the NYSE at $28.84. Nothing had happened to the company. The wrapper was trading at more than double its net asset value because a memecoin called BONER had spent the evening pulling most of the token’s onchain float into its own liquidity pool, and the only entity able to mint more was not minting on a Sunday.
At 00:43:30 UTC on Monday, in block 50,444,949, the first new supply arrived: a round 1,000-token mint, five seconds after the pool printed $54.50. Within 12 minutes the premium fell from 93% to 12%. Within two hours it was gone. All of it, the squeeze and the unwind, ran inside Robinhood’s overnight equity session, before the NYSE opened.
This piece reflects the chain as of block 50,772,447, 09:54 UTC on Monday, August 31. The supply figures, pool prices, and mint events below are read directly from Robinhood Chain contracts at pinned blocks, with addresses cited so you can check them. The trigger for looking was a thread by @0xSammy that circulated overnight; where a figure comes from his snapshot rather than our own reads, it is attributed.
The Setup Robinhood Built We covered Robinhood Chain at launch in July: an Arbitrum Orbit L2 settling to Ethereum, built for tokenized stocks, with Uniswap v4 as its day-one AMM. That piece established two structural facts that matter here.
First, the stock tokens are not shares. They are tokenized debt securities issued by a Robinhood subsidiary, redeemable for cash through authorized participants, tracking the stock’s price. The HIMS token on Robinhood Chain (0xCceE82fE…3D09, deployed August 10) calls itself “Hims & Hers Health • Robinhood Token.” Supply is elastic: an issuer address mints tokens when its broker acquires shares and burns them on redemption. That elasticity is the token’s peg mechanism, and it only operates when there is a stock market to hedge against.
Second, the tokens are freely transferable. There is no allowlist on the ERC-20 itself; a transfer to an arbitrary address succeeds. That is the composability Robinhood advertised, and it means anyone can pool the token on Uniswap against anything, without asking. Someone did.
The July piece ended on what we called the liquidity question nobody had answered: whether equities can trade well on an AMM against a reference price that updates only during market hours. The answer arrived two months later, delivered by a memecoin.
The Pair BONER (0x98096d17…1E18) deployed on August 20 with a supply of one billion. The joke writes itself: Hims & Hers sells erectile dysfunction treatment, so the memecoin attached to its stock is called BONER. The joke is also the market structure, because BONER’s canonical pool is not BONER/USDG or BONER/ETH. It is BONER/HIMS, pool 0x9c89b043…640d, created in the same minute as the token, and it is where nearly all of the liquidity sits: roughly $1.2M at the time of writing, against about $160K in the largest BONER/USDG pool.
That routing choice is the whole mechanism. A trader entering BONER with dollars or ETH gets routed through HIMS for any meaningful size, because that is where the depth is: buy HIMS first, then swap HIMS into the BONER pool. Every net dollar of memecoin demand becomes a buy order for the stock token, and the HIMS ends up locked in the pool as the other side of BONER’s liquidity. The memecoin is a machine that converts degenerate flow into inventory pressure on a tokenized equity.
This was a known pattern, not an accident. A GME-themed memecoin ran the same structure against tokenized GameStop in July, pitched explicitly on the idea that memecoin buying forces stock-token buying, before fading roughly 99% from its peak. @0xSammy ran the numbers on an NVDA-paired memecoin called AI two days before the HIMS event, noting its ecosystem already touched about 17% of the chain’s tokenized NVIDIA supply and that weekends expose the fault line most clearly. He then watched the fault line fail in real time on a smaller stock.
Because that is the other ingredient: HIMS was small. Total onchain supply going into the weekend was 15,226.8 tokens, worth about $440K at Friday’s close, against roughly 225 million real shares outstanding. The float was a rounding error on the equity and a feast for a memecoin.
The Float Going Into the Weekend The supply and pool state below are read from the token contract and the Uniswap v4 singleton (PoolManager 0x8366a39c…0951) at pinned blocks. The onchain HIMS price is the main HIMS/USDG pool’s spot price; the premium is measured against Friday’s $28.84 NYSE close.
Time (UTC) Block HIMS supply In Uniswap v4 pools Onchain price vs. close Fri 19:40 48,555,213 16,126.8 12,689.1 (78.7%) $28.17 -2.3% Sat 11:40 49,125,754 15,226.8 12,085.3 (79.4%) $30.36 +5.3% Sun 11:40 49,980,825 15,226.8 12,424.2 (81.6%) $29.68 +2.9% Sun 19:40 50,265,277 15,226.8 11,964.4 (78.6%) $29.38 +1.9% Sun 23:53 50,415,299 15,226.8 13,883.2 (91.2%) $43.27 +50.0% Mon 09:54 50,772,447 33,977.3 32,086.5 (94.4%) $29.48 +2.2% The first rows carry two details worth pausing on. The float shrank going into the weekend: two burns, of 500 and 400 tokens, executed at 20:37 and 21:21 UTC on Friday, within 90 minutes of the NYSE close, from a redemption wallet (0xa8553db0…3c74). Someone redeemed 900 HIMS for cash right before the two-day window in which no more could be created, cutting the float by 5.6% at the worst possible moment.
And the market-making wallets carried nothing across the weekend. The address that receives all newly minted HIMS (0xcfaece21…0a94) and the wallet it forwards to (0x1a18a8b9…a4e7) both held zero HIMS at every snapshot from Friday through the squeeze. Inventory management here is just-in-time: mint, forward, sell. Which works until the mint switch is off and the float you would normally replenish is being eaten by a token named after an erection.
Sunday Night BONER had actually drifted down through the weekend, from about $0.0036 on Friday to $0.0024 by Sunday evening, priced through its HIMS pool. Then, at around 22:00 UTC on Sunday, the buying started.
The main HIMS/USDG pool never had the depth to absorb what came next. At our 23:53 UTC reference block, mid-squeeze, its in-range reserves were on the order of a few hundred HIMS; @0xSammy’s snapshot during the event put it at roughly 92 HIMS against $135K of USDG. Almost all of the actual HIMS inventory sat inside BONER/HIMS instead: our estimate from the pool’s live liquidity at 23:53 UTC puts about 13,100 of the 15,227 tokens there, assuming full-range positions (his earlier snapshot: 12,284, or 81%). Inside that pool the HIMS was the denominator of a memecoin pump, not an offer waiting to be lifted.
So the dollar pool’s price did what a nearly empty pool does. Sampled at roughly eight-minute intervals from the HIMS/USDG pool’s slot0:
Time (UTC) Onchain HIMS vs. $28.84 close Sun 21:46 $29.73 +3.1% Sun 22:28 $36.22 +25.6% Sun 23:02 $39.94 +38.5% Sun 23:36 $61.15 +112.0% Sun 23:53 $43.27 +50.0% Mon 00:13 $34.33 +19.0% Mon 00:43 $54.50 +89.0% Mon 00:47 $55.61 +92.8% Mon 00:55 $32.37 +12.3% Mon 01:59 $29.31 +1.6%
These are spot samples, so prints between them may be higher; the pool crossed 2x NAV at least once. The swings of 30% or more between adjacent samples are the point: with a few hundred tokens of depth at best, individual swaps were repricing the “stock” by more than the stock moves in a bad quarter. @0xSammy’s thread quoted about $39 and a 37% premium; that was a real print from the calmer part of the window, and understated the extreme.
The premium also fed back into how big the memecoin looked. BONER’s displayed market cap is its HIMS-pool price times a dollar mark for HIMS, so with the wrapper at $43 instead of $28.84, a screenshot showed $9.4M where Friday’s marks implied about $6.9M. His arithmetic on that point checks out against the pool ratios at our reference block. Roughly a quarter of the memecoin’s headline valuation was the premium on its quote currency.
Nothing happened to Hims & Hers in any of this. No shares traded, and nobody’s short position was touched. The company has around 225 million shares outstanding; the entire squeezed float was 15,227 wrapper tokens. This was a corner in a warehouse receipt, not in the commodity.
The Mint Response Robinhood’s 24/5 equity session reopens at 8:00 pm Eastern on Sunday, which is 00:00 UTC Monday. The first HIMS mint since Friday landed at 00:43:30 UTC, 43 minutes into that session: 1,000 tokens to the issuer’s distribution wallet, in tx 0x459aee54…066b, called directly on the token contract by an issuer signer (0x2b94105f…3a87). The next three 1,000-token clips followed within 25 minutes.
The timing tells you what gates issuance. Monday’s opening bell had nothing to do with it. Mints resumed once a venue existed where the issuer’s broker could buy the underlying, plus the operational lag of acting on it; whether the viral post 30 minutes earlier hurried the desk along is unknowable from the chain, but nothing could have minted before the venue opened either way. From Friday’s burns at 21:21 UTC until 00:43:30 UTC Monday, a span covering the entire weekend, the mint function was silent. Then, in the nine hours between the first mint and our final snapshot, the issuer minted 294 times for a total of 18,750.5 new HIMS, every event a transfer from the zero address to the same distribution wallet, more than doubling the token’s supply. Half of that volume had landed by 01:56 UTC. There were no burns.
The distribution wallet forwarded the tokens to the market-making wallet, which sold them into the pools as they arrived (it ended the morning holding under 25 HIMS), which is why the premium died the way it did: $55.61 at 00:47, $32.37 at 00:55, back inside 2% of Friday’s close by 02:00 UTC. The economics of that trade are the disciplining force in this design. Whoever mints at NAV and sells into a 90% premium keeps the difference, and the flip side is that everyone who paid $40 or $55 for a $28.84 wrapper on Sunday night handed that difference over. There was no short seller on the other side of this squeeze, only future supply.
A final number from the aftermath: the mints did not kill the memecoin. BONER’s HIMS-denominated price kept climbing through the unwind, and at our 09:54 UTC snapshot it stood at roughly $0.0147, about 4x its Friday level, an implied cap around $14.7M on the fixed billion-token supply, with about $4.9M of 24-hour volume through the HIMS pair per DexScreener. The squeeze resolved; the flow that caused it did not.
What This Mechanic Actually Is Calling it a short squeeze, as half of crypto Twitter did overnight, gets the flavor right and the mechanism wrong. Nobody was forced to buy. The accurate frame, and the one @0xSammy himself used, is a float squeeze: demand absorbed a fixed float faster than the issuer could expand it, during a window in which the issuer could not expand it at all.
The general rule: any wrapper whose supply elasticity follows the underlying market’s calendar will trade like a closed-end fund whenever that market is closed. Premiums and discounts to NAV are then set entirely by the wrapper’s own float and flow. Tokenized equities on a 24/7 AMM have this property for the 48 hours between Robinhood’s Friday-evening close and its Sunday-evening reopen, and the float side is not hypothetical: on this chain, a memecoin can be deliberately plumbed into a stock token’s routing so that its demand lands on a four-hundred-thousand-dollar float. In the Distributed vs. Represented framing we use for RWAs, the token is Distributed enough to be composable into anything, while the thing that keeps it honest, issuance against the real asset, stays Represented, permissioned, and on a Monday-to-Friday schedule. The squeeze lived exactly in that gap.
Who bears the risk deserves precision. The issuer’s mint-at-NAV arbitrage is riskless in direction; it earned the premium. The company’s stock never traded. The loss concentrates on whoever bought the wrapper above NAV without understanding that the ceiling was two days of market closure, and the depth of that loss was set by a dollar pool holding a few hundred tokens at best. The July launch piece flagged thin AMM books against an external reference price as the structural worry; a memecoin turned out to be the stress test, and the books were thinner than even the bears assumed.
The audience is split oddly, too. Robinhood’s stock tokens are blocked for US retail, the exact crowd that made GameStop a phenomenon. The memecoins paired against them carry no such gate. The practical effect is a two-tier market in which the people barred from the wrapper can still trade the memecoin whose only pricing leg runs through it.
What to Watch @0xSammy’s follow-up pointed at the most-shorted-stocks list as a target menu for the next iteration, and replies flagged a memecoin already paired against tokenized Lockheed Martin. The playbook is public now, and it is cheap: pick a stock token with a small float, launch the joke, pool it against the stock, and let weekend routing do the work. Larger floats resist the corner better; by @0xSammy’s own accounting two days earlier, the AI memecoin’s ecosystem had absorbed about 17% of tokenized NVDA’s 42,664-token supply without a comparable dislocation. The candidates are the small, freshly listed wrappers.
For the issuer, the fixes are mundane and all cost money: carry standing inventory across weekends, pre-mint against Friday buying pressure, or accept that the wrapper trades at whatever its float trades at for two days a week. For everyone else, the practical takeaways are narrower. A tokenized stock’s onchain price is only NAV while the mint window is open; check the supply and where it sits before treating the print as the stock. And a memecoin’s market cap, when its quote currency is a wrapper trading above NAV, is marked against a number that a few swaps can manufacture.
The whole episode, corner, premium, mint, collapse, ran in under five hours on a Sunday night, and the second-order effects landed nowhere: the NYSE opened Monday to a stock that never knew anything happened. That is either the system working, an arbitrage closing exactly as designed the moment it could, or a small-scale rehearsal of what happens when the float is bigger, the memecoin is angrier, and the weekend is longer. On the evidence of the last two months of Robinhood Chain, we will not have to wait long to find out which.
Aster Listing Fuels Sharp RallyBNB Chain's Niu Lai memecoin hit an all-time high of $0.1388 on Aug. 31, adding roughly 40% in 24 hours and about 650% over the past 30 days. The immediate catalyst was its listing on the Aster perpetual contracts market. On Aug. 30, on-chain tracker Lookonchain reported that Niu Lai surged more than 510% after being listed on Aster DEX perpetuals, with one trader opening a 5x long worth about $111,000 and showing a $49,500 unrealized profit.
According to CoinGecko, the token now carries a market capitalisation of roughly $113.8 million, with its fully diluted valuation at the same level given that all 1 billion tokens are already in circulation.
The Viral Film Behind the TokenThe memecoin takes its name from a low-budget Chinese animated film that became one of the more unusual cultural stories of 2026. Niu Lai is a 2026 Chinese animated film directed by Xin Yumeng and written by Sun Lifang, produced by Dalian Jingyuan Culture Film and Television Media, formerly an interior design company. Initial box office sales struggled, earning around 7,000 yuan in its opening week, before the film gained sudden notoriety for its low-quality animation and the ridicule it received turned it into a viral phenomenon on Chinese social media.
The film, made by a mother and son, follows the journey of a calf named Niu Lai and was crafted frame by frame over five years. The film's title is also a pun in Chinese, sounding like "the bull market comes," which added a layer of speculative appeal for crypto traders.
Niu Lai is a community-driven memecoin on BNB Smart Chain whose entire narrative is built on a viral internet moment rather than on technology or utility. Risks include market volatility, liquidity conditions, smart contract vulnerabilities, and the absence of a verified official connection between the token and the film's creators, making it best characterised as a culture-driven BNB Chain memecoin rather than an official digital asset associated with the film.
Sources:
Blockchain Reporter: Aster Listing Sends Niu Lai Token Up 510%
Wikipedia: Niu Lai (film)
Hong Kong Free Press: Niu Lai becomes surprise Chinese hit
Fresh All-time High After Aster Perpetuals DebutBNB Chain's Niu Lai memecoin hit an all-time high of $0.1388 on Aug. 31, extending a rally that has now taken the token up roughly 30% in the past 24 hours and around 600% over the past 14 days. The immediate catalyst was its listing on the Aster perpetual contracts market.
According to CoinGecko, the token now carries a market capitalization of approximately $113.8 million. Its fully diluted valuation sits at the same level, reflecting a fixed supply of 1 billion tokens in circulation.
The Viral Film Behind the Token
As with all memecoins, price moves of this magnitude carry significant downside risk and the rally may not be sustained.
Sources
Blockchain Reporter: Aster Listing Sends Niu Lai Token Up 510%
CryptoSlate: Niu Lai (牛来) Price and Market Data
IndieWire: 'Niu Lai,' the $200 Chinese Animated Film Taking Social Media by Storm
Pump.fun, the launchpad that came to dominate memecoin trading on Solana, has extended its app to HyperEVM, the Ethereum Virtual Machine execution layer built by the decentralized derivatives exchange Hyperliquid. In an announcement posted on X on Aug. 26, the company said its application now supports the chain, letting users trade any HyperEVM token with USDC through the same interface they already use on its home network. Hyperliquid runs one of the busiest venues for perpetuals trading, and HyperEVM is its bid to bring token launches and decentralized finance onto that order flow.
What the rollout adds The launchpad said the integration goes beyond basic token support. Traders can earn what the company calls “callout rewards” and trade with “near-zero fees,” matching the low-cost model that helped Pump.fun outpace rival launchpads on Solana. Settling trades in USDC, rather than a native chain token, also keeps the experience familiar for traders who already move between memecoins and stablecoins. The announcement framed the move as a first, with Pump.fun stating, “We’re proud to be the first app to bring HyperEVM to the trenches.” That positioning is the company’s own claim and has not been independently confirmed.
HyperEVM’s growing launchpad stack HyperEVM has been assembling a DeFi and memecoin ecosystem since its mainnet went live, and Pump.fun’s arrival adds one of the industry’s most recognizable launchpad brands to that stack. It follows other experiments such as BasedPad, a zero-fee launchpad on Hyperliquid, a sign that Hyperliquid’s execution environment is positioning itself as a rival to the venues where memecoin activity has historically concentrated. Pump.fun’s Solana roots give the integration extra weight, since the launchpad has repeatedly ranked among the most active places to launch a new token.
What is still unclear Pump.fun did not specify a timeline for broader feature rollouts or disclose how callout rewards will be funded, and the fee structure could change as the integration matures. The company also did not say whether its Solana tools and token listings will carry over to HyperEVM. The launchpad’s move nonetheless gives HyperEVM another distribution channel while handing memecoin traders a new venue to watch. Whether activity persists will depend on liquidity and user demand that are still taking shape, so the expansion’s longer-term impact remains an open question.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
A memecoin on BNB Chain called "My Girlfriend Jing Tian" surged more than 10,000% after TRON founder Justin Sun went public with an explosive account of a collapsed relationship with Chinese actress Jing Tian, setting off one of the more unusual celebrity-crypto crossover stories in recent memory.
The token briefly reached a market cap of around $7 million before retreating toward $2 million, a sharp but familiar arc for sentiment-driven memecoins that live and die on viral attention.
What Sun Claimed
Jing Tian Pushes Back Jing Tian has rejected Sun's account.
For crypto markets, the episode is another reminder of how celebrity drama can briefly ignite speculative trading on BNB Chain, where low-cap memecoins regularly spike on viral narratives before giving back most of their gains.
Sources:
The Standard (HK): Crypto mogul Justin Sun's AI-advised breakup with Chinese actress sparks public dispute
Protos: Justin Sun is suing a movie actress for not giving him her eggs
DramaPanda: Jing Tian surrogacy and wealthy boyfriend dispute rumors escalate after Justin Sun speaks out
The 2026 presale market is moving beyond simple meme branding as investors look for projects with a clearer utility story. MemeToro is targeting that shift with an AI-powered BNB Chain launchpad built around token creation, automated screening, and AI-driven market ideas.
The project has reached Stage 6 of its presale, with $MT priced at $0.00350 and fundraising approaching $100,000. For people searching for a crypto pre sale to buy right now, MemeToro combines the attention of the memecoin market with an infrastructure-focused approach.
Its tokenomics and AI agent are central to the narrative because they connect the $MT presale with the broader growth of AI applications in Web3.
MemeToro Tokenomics Give the Presale a Clear Starting Point MemeToro’s current presale structure places $MT at a baseline price of $0.00350 during Stage 6. The project is nearing the $100,000 fundraising milestone, providing investors with a clear measure of its current presale progression.
The token itself is designed around the wider MemeToro ecosystem rather than functioning solely as a social meme asset. Its relevance comes from the platform being built around AI-assisted memecoin creation and launch infrastructure.
For investors evaluating a crypto presale, tokenomics are important because they establish how a token connects to the product. MemeToro’s approach links $MT with an ecosystem focused on launching and evaluating new meme assets.
This gives the project a more defined narrative than a token whose only purpose is community speculation. It also supports MemeToro’s position within the AI crypto presale sector.
The AI Agent Changes How Memecoins Can Be Created MemeToro’s AI agent is designed to help identify market trends and transform those signals into new token concepts. Instead of relying entirely on developers to manually identify trends, the platform aims to automate parts of the creative and analytical process.
That approach can make the memecoin creation process more systematic. The AI model can support concept generation while the launchpad provides the infrastructure needed to move an idea toward deployment.
The platform’s automated security scanner adds another layer. It is designed to detect developer backdoors and honeypot-style mechanisms before tokens are deployed.
This combination creates a different type of memecoin presale narrative:
AI-assisted token creation Automated security screening BNB Chain infrastructure Ecosystem-focused $MT utility For readers following crypto presale news, this is particularly relevant because AI is increasingly being connected with blockchain automation. MemeToro places that trend directly inside the meme coin market. Here’s a video to watch if you prefer visuals over reading to discover everything about the MemeToro ecosystem.
Why the AI and Meme Narratives Work Together Meme coins have historically depended on speed, community attention, and cultural relevance. AI can potentially make the process of identifying trends and creating new concepts faster and more structured.
MemeToro is built around that intersection. Its objective is not simply to launch another meme token but to create an environment where AI can help generate and screen future memecoin projects.
That positioning gives the project relevance among investors searching for the best crypto presale opportunities in 2026. It also gives MemeToro a distinct place alongside DeFi presale projects and other utility-focused blockchain launches.
The Stage 6 milestone strengthens the current story. With $MT at $0.00350 and fundraising approaching $100,000, the project is progressing through its presale while developing the underlying launchpad.
For anyone researching the latest crypto presale market, MemeToro therefore represents a combination of early-stage token exposure and an AI infrastructure narrative.
A renewed rally in the cryptocurrency market has fueled sharp gains in the Official Trump (CRYPTO: TRUMP) memecoin.
TRUMP Memecoin RalliesTRUMP jumped over 11% in the last 24 hours to levels not seen in four months. The cryptocurrency is up a whopping 80% in a week, making it the third-biggest gainer in the market.
Moreover, TRUMP is up 61% in a month, 24% in the last three months, but down 47% year-to-date.
The coin recorded a 6.94% increase in open interest over the past day and an 186% gain over the week, as spot-price momentum galvanized derivatives trading, according to Coinglass.
Meanwhile, the top 20% of Binance traders by margin balance had a predominantly net long exposure to TRUMP.
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Trump Restates Pro-Crypto StanceTRUMP memecoin’s surge came amid a sharp rebound across markets this week, fueled by a combination of macroeconomic and cryptocurrency-specific catalysts.
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Notably, President Donald Trump hosted White House cryptocurrency summit in the presence of top cryptocurrency and prediction-market executives. He reaffirmed his commitment to preserve U.S. leadership in Bitcoin (CRYPTO: BTC), cryptocurrency and prediction markets.
The Tumultuous Journey of TRUMPThe TRUMP memecoin was launched just before Trump’s presidential inauguration in January 2025. At its peak, it soared to a market capitalization of $9 billion, while the fully diluted valuation, factoring in Trump-affiliated holdings, ballooned to $75 billion.
Fast forward to April 2026, and the coin’s market capitalization has plunged to $635 million, reflecting a drawdown of 93%.
A disclaimer on the coin’s official website states that the token is intended to serve as a symbolic expression of support for the ideals and beliefs represented by the ‘TRUMP’ symbol. It also denies any link to any political campaign or government agency.
Price Action: At the time of writing, TRUMP was exchanging hands at $2.54, up 11.61% in the last 24 hours, according to data from Benzinga Pro.
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Photo Courtesy: Kirill Aleksandrovich on Shutterstock.com
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Donald Trump’s memecoin has just gained more than 80% in a few hours. TRUMP crossed the $3 mark before settling around $2.94. The move caught traders positioned short off guard: over $30 million worth of positions were liquidated within 24 hours. A rumor about a new crypto project from the Trump family was enough to start the momentum.
In brief TRUMP jumped more than 80% and briefly exceeded $3. More than $30 million worth of positions were liquidated in 24 hours. A rumor suggests a new Trump asset on Robinhood, without official confirmation. The TRUMP crypto returns to $3 The memecoin comes back after several difficult months. In July, nearly one million TRUMP wallets already showed a cumulative loss of $3.81 billion. The current rebound drastically changes the atmosphere. TRUMP went above $3 during Asian trading hours. The token then retreated to around $2.94.
Volume follows. More than $1.79 billion were traded over 24 hours, the highest level in three months. Yet, Trump crypto remains far from its all-time high. Its drop still exceeds 90% compared to levels reached after launch.
This time, the spark came from social networks. Rumors mentioned the launch of a new asset tied to the Trump family on Robinhood Chain. No official confirmation was made. Traders, however, did not wait.
Sellers get trapped Several traders had opened short positions on TRUMP. The reasoning seemed simple: a new Trump family crypto could divert some capital from the existing memecoin.
The market went in the opposite direction. On Binance alone, about $8.59 million of short positions were liquidated. Total liquidations around TRUMP exceed $30 million in 24 hours.
The short squeeze then fueled the rise. When a leveraged crypto trader is liquidated on a short position, the platform must buy the asset to close their position. The higher the price rises, the more shorts might be forced to close as well.
TRUMP had already shown this kind of volatility. In June, the memecoin jumped over 25% in one day. This time, the move goes much further. Most short positions below $3 may have already disappeared. Above that, much less liquidity waits until about $3.50. New sellers will probably think twice.
$172 million remain open The crypto market has not fully deflated after the squeeze. Open interest on TRUMP reaches about $172 million, its highest level since April. New long and short positions continue to appear.
However, the Robinhood rumor remains the main issue. No new Trump token has been officially announced. There is also no guarantee that TRUMP holders would receive any special benefit if another asset were launched.
WLFI also benefited from the move. The World Liberty Financial token briefly reached $0.07 before falling back to around $0.06. The Trump name is still capable of moving a lot of money in crypto. It also attracts criticism. In early August, the TRUMP memecoin got involved in negotiations around the CLARITY Act, raising new questions about conflicts of interest of the US president. Today, the market mainly looks at price. Over 80% rise. $30 million liquidated. And still no confirmation of the project that triggered the move.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Meta description: Anthropic research shows ideas can spread between AI agents, reinforcing MemeToro’s plan to separate scanning, validation, and token execution.
AI agents increasingly communicate with other agents, store instructions, and reuse files between tasks. New Anthropic Fellows Program research describes “mind viruses,” or adversarial ideas that can spread through multi-agent conversations and alter behavior.
For a crypto agent, that raises an obvious danger: manipulated instructions could redirect token rules or funds. MemeToro’s answer is to limit authority, validate proposals, and keep its AI memecoin agent presale pipeline separate from execution.
What Anthropic Means By A Mind Virus The research describes a self-propagating instruction that enters one agent through dialogue, changes its goals, and passes to connected agents.
This is not biological.
The Best Memecoin AI Agent Needs Limited Authority MemeToro’s architecture follows a least-privilege principle. The model converts selected material into a draft. Deterministic software checks the evidence and financial structure. Future contracts would execute only approved terms.
A compromised scanner might create a bad signal, but it should not hold treasury keys, mint tokens, or change the approved launch manifest.
The best memecoin AI agent therefore needs boundaries outside its language-model instructions.
Best Memecoin AI Agent Checks Address Specific Failures MemeToro’s live validator checks whether proposal links were actually collected by the connector. A model cannot introduce an unknown URL and pass validation. Token allocations must equal 100%, and insider allocation above zero causes rejection.
The pipeline also records risk notes and produces a structured launch manifest containing the proposed identity and launch conditions. Users and downstream systems can inspect that file before funding.
Practical protections in MemeToro’s design include:
Read-only trend gathering Evidence URLs attached to signals Deterministic proposal validation Zero insider allocation rules Fixed-rate public funding plans Separate contract execution controls These features support its position as the best memecoin AI agent, but they do not directly prove resistance to every mind-virus technique.
What The Best Memecoin AI Agent Still Needs A stronger production response would combine prompt warnings with signed configuration files, immutable policy rules, isolated agent permissions, multisig approval, transaction limits, and emergency pauses. Updates to prompts, models, or manifests should create a new version and require fresh approval.
Agent messages should remain untrusted input. Sensitive files should be checked for unauthorized changes, while logs should preserve prompts, evidence, validation results, approvers, and transaction hashes.
MemeToro’s public MIT-licensed repository helps researchers examine these controls as they develop. The pipeline creates validated proposals, but mainnet funding contracts, autonomous hourly scheduling, and downstream safety enforcement remain planned.
Best Memecoin AI Agent Presale Funds An Ecosystem $MT is intended to support MemeToro memecoin trading, prediction markets, discovery, creator functions, rewards, and staking up to 35% APR. Planned fixed-rate launches would accept BNB, supported stablecoins, or $MT and route successful tokens toward PancakeSwap liquidity.
The AI memecoin agent presale has raised $96,309.30 toward its $138,460.70 Stage 6 target. Each $MT costs $0.00350, while the projected launch price is $0.02448.
Anthropic’s findings do not show that MemeToro has been infected. They show why the best memecoin AI agent cannot trust dialogue alone. MemeToro’s layered structure offers a credible starting response, provided production controls are completed and independently tested.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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