Robinhood Crypto's on-chain GME tokenized stocks once saw a significant premium, with market makers continuously minting for arbitrage.
BlockBeats News, July 23, according to market data, trading activity for the GME Meme Token and GME tokenized stocks on Robinhood Crypto has driven prices in the underlying liquidity pool to rise rapidly, with on-chain GME tokenized stock prices at one point reaching a premium of around 10 times compared to the real stock price. As the liquidity pool relating to the trades is only about 200,000 USD, heavy buying has caused prices to quickly deviate from the spot market.
Currently, Mint/Burn rights for GME tokenized stocks are open only to Authorized Participants (those completing KYB) and market makers. On-chain data shows the official Mint address is continuously issuing new tokens and providing liquidity to the market, with the latest records showing nearly one new Mint transaction per minute to ease the premium and bring prices back to real value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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