Two tokens issued through Robinhood onchain launch platform Long.xyz moved higher after drawing fresh attention overnight. According to BlockBeats, MEME and BONER, which had both shown signs of losing momentum earlier, regained strength after Robinhood’s founder and HIMS’ founder each turned their attention to the projects. GMGN market data showed the two tokens’ market capitalizations rising 127% and 147%, respectively, over the past 24 hours. BONER was launched on Long.xyz and paired against tokenized HIMS shares as its base pool through Robinhood’s stock trading framework. MEME, meanwhile, uses tokenized AMC Entertainment stock as its base pool and provides liquidity through the MEME/AMC trading pair. Long.xyz co-founder Nate also posted earlier in the day that the protocol will roll out an expansion update later this week. The report did not disclose additional details about the planned release.
MEME and BONER, two tokens issued on Robinhood onchain launch platform Long.xyz, rebounded overnight after drawing attention from Robinhood’s founder and HIMS’ founder, according to BlockBeats.
The report said both tokens had already started to show signs of fatigue before the renewed interest helped lift them again. GMGN data showed MEME’s market capitalization up 127% over 24 hours, while BONER’s market capitalization rose 147% over the same period.
How the two tokens are structured
BONER was issued on the Long.xyz platform and is paired with tokenized U.S. stock HIMS as its base pool through the stock trading platform Robinhood.
MEME is paired with tokenized AMC Entertainment stock as its base pool. AMC Entertainment is a U.S. theater company with the ticker AMC, and liquidity is provided through the MEME/AMC trading pair.
Protocol update teased for this week
Long.xyz co-founder Nate said in a post earlier today that the protocol will receive an expansion update this week. No further details were included in the source report.
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