BONER Meme Coin Locks Over Half of Tokenized HIMS Supply on Robinhood Chain

A meme coin named BONER, built on Robinhood Chain around short positions for Hims & Hers, has locked over 53% of the circulating tokenized HIMS stock in its liquidity pool. Due to the NYSE weekend closure, the lack of real-time arbitrage caused extreme price volatility, with the token peaking at $132.64 compared to the stock's Friday closing price of $28.84. Prices stabilized near $29 after the market reopened and additional tokens were minted. Robinhood Chain, an Arbitrum-based Layer 2 launched in July, reached a TVL of $727.4 million as of Monday.