New York · Cointelegraph
The HIMS token is designed to track shares of the teleheath firm Hims & Hers
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And that’s what happened with BONER.
Key facts
- One of the launchpads behind the trend, LONG, says its stock-paired markets generated more than $425 million in trading volume over a 24-hour period on Sept
- At one point, the pool contained 31,198 HIMS tokens, which is more than half of the 58,714 tokenized HIMS shares that were in circulation
- Stock-paired markets generated more than $425 million in trading in 24 hours
- The HIMS token is designed to track shares of the teleheath company Hims & Hers, which trade on the New York Stock Exchange (NYSE)
Summary
Why would anyone want to trade a healthcare stock for a memecoin like BONER? The HIMS token is designed to track shares of the teleheath company Hims & Hers, which trade on the New York Stock Exchange (NYSE). The deliberately ridiculous memecoin was paired with HIMS in a liquidity pool, where traders could swap between the two tokens. At one point, the pool contained 31,198 HIMS tokens, which is more than half of the 58,714 tokenized HIMS shares that were in circulation. It is a bizarre glimpse of what can happen when real-world assets are put onchain and made usable in crypto markets.