Crypto Is About To Short Squeeze Wall Street (GameStop 2.0)

What happened

The article reports that memecoin traders are using Robinhood's blockchain to attempt a short squeeze on Wall Street, similar to the GameStop event. It mentions a tokenized HIMS that rose to $132 on a Sunday night versus a $28 close, and a $MEME token tied to a dispute between AMC's CEO and Robinhood's CEO.

Confirmed

Global impact / market context

This matters because stock-paired memecoins could let small traders coordinate moves outside normal market hours, causing sharp price swings. That may pressure companies and regulators to address new risks, affecting how investors approach both crypto and traditional stocks.

Analyst inference

The situation echoes the GameStop episode, where retail traders used apps like Robinhood to push stock prices up. Now, using blockchain, traders might bypass some traditional market rules, potentially changing how trading platforms operate and how investors think about price movements.

Analyst inference

What to watch

1. Watch whether the tokenized HIMS price stays near $132 or falls back toward the $28 close, as the article says this happened on a Sunday night before the Monday market open. Confirmed
2. Consider monitoring how Robinhood and other platforms respond to memecoins paired with stocks, since the article suggests these tokens are being used to challenge traditional Wall Street trading practices. Proposed
3. Expect possible regulatory attention on stock-paired memecoins, as their ability to move prices outside market hours could prompt new rules, which might affect trading platforms and investor strategies. Analyst inference

Affected assets

• LINK — Chainlink

Evidence

• youtube.com