BONER Memecoin Locks Half of Tokenized HIMS Supply on Robinhood Chain

According to The Defiant, BONER, a memecoin built around short positions on Hims & Hers on Robinhood Chain, has absorbed more than half of the tokenized HIMS stock. As of 17:12 UTC Monday, 58,714 tokenized HIMS had been issued on-chain, of which 31,198 (53%) were locked in the BONER/HIMS liquidity pool, with another 1,424 distributed across eight other memecoin pools, leaving only 20,303 in HIMS/stablecoin and HIMS/ETH pools for price discovery. With the New York Stock Exchange closed over the weekend and no real-time stock price available for arbitrage, thin liquidity pools saw sharp volatility driven by small orders: the token spiked to $132.64 during the 22:00 period on Sunday, while the stock closed at just $28.84 on Friday. After the NYSE reopened Monday, BBVI minted approximately 4,000 new tokens in under an hour to inject into the premium, quickly pulling the price back to around $29. In comparison, Ondo Finance's similar wrapped HIMS token has approximately 10.4 million tokens outstanding, with a market cap of $30.8 million, 18 times the circulating supply on Robinhood Chain, and has tracked the underlying stock closely throughout. Robinhood Chain is Robinhood's Ethereum Layer 2 built on Arbitrum technology, launched July 1, with TVL reaching $727.4 million on Monday.