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▲ Meme coin, tokenized stock, blockchain/AI generated image
Overturning the pessimism that the meme coin fever in the virtual asset market has completely subsided, a new derivative product ecosystem combining real stocks and tokens has rapidly emerged. It is diagnosed that meme coins linked to tokenized stocks are attracting market funds, moving away from the past method of relying on simple animal images.
Lark Davis, host of the cryptocurrency podcast The Lark Davis Show, stated in an episode on September 20 (local time) that "the prevailing assessment was that the super cycle had ended as the meme coin market capitalization shrunk from $150 billion to $31 billion, but the essence of public interest has not disappeared." Davis explained, "The new trend dominating the market now is a model that merges actual listed stock tickers, CEOs, short interest, and tokenized stocks with memes."
The new meme coin ecosystem operates by linking tokenized real-world assets (RWA) with virtual asset pools. The Robinhood (Robinhood Markets, HOOD) chain, launched last July, has emerged as a major platform alongside Pump.fun, Raydium, and Jupiter in the Solana (Solana, SOL) ecosystem. When an investor purchases a specific meme coin, the underlying assets, such as tokenized stocks or virtual assets, are simultaneously bought through a liquidity pool. Representative examples include meme coins paired with tokenized versions of real stocks like NVIDIA (NVDA), Tesla (TSLA), and Hims & Hers Health (HIMS).
Price distortions and liquidity differences that occur on exchange holidays were cited as factors to be aware of when investing. In the case of meme coins linked to Hims stock tokens, the price of the stock token soared up to four times its Friday closing price while the New York Stock Exchange (NYSE) was closed on Sunday. However, when the regular market opened on Monday, the actual stock price barely moved. Davis pointed out, "Holding tokenized stocks does not grant actual shareholder rights," and "the on-chain circulating supply is only a tiny fraction of the total circulating supply in the actual stock market."
The advice also continued that a strategy of securing underlying infrastructure that earns fee revenue is relatively advantageous compared to directly betting on individual speculative meme coins. Decentralized exchanges such as Uniswap (UNI), Raydium, and Robinhood operate their own token buyback models based on fees generated from trading volume. Given the extremely low survival rate of individual meme coins with severe volatility, the analysis suggests approaching with core assets like Bitcoin (BTC) and Ethereum (ETH) at the center of the portfolio.
[Article Summary]
-Lark Davis analyzed that the meme coin ecosystem has evolved into a token pairing model combining real stocks and virtual assets.
-On-chain trading of tokenized stocks has surged, but risks have been raised that actual shareholder rights are not granted and there is a significant discrepancy with the regular market.
-Investing in underlying infrastructure like Uniswap (UNI), which conducts transaction fee buybacks, was cited as an alternative to individual speculative meme coins.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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