BONER, a stock-themed meme token on Robinhood, moved higher on Oct. 5 and briefly took its market capitalization above $70 million, according to GMGN market data. The token was near its historical peak before easing to $66.4 million at press time, still up 17.8% over the past 24 hours.
The move came days after Bloomberg published a feature on Robinhood stock meme tokens on Oct. 2. In that report, crypto KOL eric said stock meme tokens are "a sign of the times and also the future trend." Bloomberg’s coverage also included BONER, which eric introduced to the publication as one of the token’s major holders.
BlockBeats described stock memes as a structure that pairs meme tokens directly with on-chain tokenized U.S. equities such as NVDA, TSLA, and AAPL, rather than with USDT or ETH. The model keeps the volatility and community-driven speculation common in meme trading while tying the narrative to real-world equity names. BlockBeats also noted that users should be cautious because of the sharp price swings in related tokens.
BONER, a Robinhood stock meme token, rose against the broader trend on Oct. 5, with its market capitalization briefly topping $70 million and approaching its historical high, according to GMGN market data. At press time, BONER was valued at $66.4 million, up 17.8% over the past 24 hours.
Bloomberg feature put stock meme tokens in focus
On the news side, Bloomberg published a feature on Robinhood stock meme tokens on Oct. 2. In comments to Bloomberg, crypto KOL eric said stock meme tokens are "a sign of the times and also the future trend".
Eric, identified in the report as a major BONER holder, also introduced the BONER token to Bloomberg.
How the stock meme structure works
BlockBeats described Stock Meme as a format that combines traditional meme tokens with tokenized U.S. equities. Instead of trading against USDT or ETH, these meme tokens are paired directly with on-chain stock tokens such as NVDA, TSLA, and AAPL.
The structure keeps the high volatility and community-driven speculative nature associated with meme tokens, while attaching them to the popularity and narrative of real stocks. BlockBeats said part of the trading fees often flows back to the community treasury to accumulate the corresponding stock tokens, creating what it described as a dual-driver model of sentiment speculation and real-asset anchoring.
BlockBeats cautioned that related tokens can see sharp price swings and said users should invest carefully.
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