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BlockBeats News, September 4th. Today, the CEO of publicly traded company AMC engaged in a debate with the founder of Robinhood about the legitimacy and rationality of stock tokenization. Against this backdrop, the meme coin "MEME," based on AMC stock, achieved a one-day market cap breakthrough of over a billion, creating a "myth." At the same time, AMC's after-hours surge once rose by over 20%.
As of this afternoon, the latest development is that AMC CEO Adam Aron has requested Vlad Tenev and Robinhood to voluntarily halt the AMC stock token trading. Otherwise, AMC has sought external securities lawyers to research whether measures can be taken to compel Robinhood to stop. He also stated that inquiries will be made to the U.S. Securities and Exchange Commission regarding Robinhood's actions.
In today's BlockBeats article "The Ultimate Express of $150 Million in Sentiment, AMC's 5-Year Short Squeeze," under the MEME frenzy, the substantive possibility of squeezing AMC stock is quantitatively analyzed. The article points out that based on the current level of AMC stock in the MEME liquidity pool, achieving a short squeeze on the actual stock is still "several orders of magnitude away."
Due to the time zone difference, as of the time of publication, the related events have temporarily cooled down, with the pre-market gain of American stock AMC receding to 6%, and MEME's market cap dropping below the $100 million mark.
However, BlockBeats believes that if the situation continues to escalate, the Robinhood founder firmly maintains the coin-stock meme path, and the debate between the two sides expands to a broader range, with the ongoing rise in MEME's popularity and market cap, there is still a possibility for the crypto community to forcefully obtain the pricing power of AMC's actual stock.
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