Behind the thousandfold star-coin stock MEME: AMC CEO attacks Robinhood’s illegal tokenized U.S. stocks and has involved securities lawyers
September 4, today’s widely soaring meme coin project MEME, a star-coin token that reportedly surged by a thousand times, is paired with a tokenized U.S. stock: AMC Entertainment (U.S. cinema company, stock code AMC), using the latter as the pool pairing. Earlier this morning, AMC’s CEO posted a criticism of Robinhood, saying Robinhood is promoting tokenized stocks, including AMC, that purportedly cover more than 190 companies, but these products have not been registered in accordance with U.S. securities laws. This is an unauthorized linkage to the AMC name and its underlying real shares. AMC has nothing to do with it and does not recognize it. The CEO also strongly condemned Robinhood’s actions as “disgusting, absurd, nauseating, despicable, unforgivable, and beneath contempt,” and said external securities attorneys have already been engaged to investigate.
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