Meme coin traders are trying to use Robinhood’s onchain stock tokens to pressure short sellers by pairing meme coins with tokenized equities in AMM pools and draining liquidity through heavy buying. According to ChainCatcher, the strategy aims to widen supply-demand gaps while traditional markets are closed, lift onchain token prices, and force authorized participants to buy real shares after markets reopen to rebalance positions.

Robinhood’s chain launched on July 1, and its stock tokens are issued by Robinhood Assets Jersey Limited with 1:1 backing from real shares. According to ChainCatcher, meme coin and stock pair trading now accounts for about 68% of total trading volume on the Robinhood chain, and the trend has spread to other networks including Solana.

The article cited BONER/HIMS as a typical example, noting that Hims & Hers has a relatively high short interest. It also said the scale is still too small to truly short Wall Street, and that meme coin volatility means liquidity could quickly return if traders start selling.