Meme Coin Traders Use Robinhood Tokenized Stocks to Squeeze Short Sellers

Meme coin traders are leveraging tokenized stocks on the Robinhood chain to pressure short sellers. By pairing meme coins with tokenized assets like NVDA, TSLA, SPY, and HIMS in AMM pools, traders are draining liquidity during traditional market closures. This activity drives up on-chain prices, forcing authorized participants to purchase underlying shares when markets reopen. While this strategy has spread to networks like Solana, analysts note that the current scale is insufficient to significantly impact Wall Street, and the high volatility of meme coins