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Friday, September 4, 2026 · UTC
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crypto

Trader Makes 713x on MEME Token in 12 Hours as AMC CEO Clashes with Robinhood

Crypto trader turned $2,972 into $2.1M in 12 hours on MEME token, a 713x return per Lookonchain.

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As of 2026-09-04 19:16 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Lookonchain, an on-chain analytics account, reported that a wallet created 21 days ago (0xc740) turned approximately $2,972 into more than $2.1 million in under 12 hours by trading MEME token on Robinhood Chain, a 713x return. [1] A meme coin called BONER locked up 53% of the tokenized Hims & Hers Health shares on Robinhood Chain over the August 30 weekend, briefly pushing the wrapped stock to $132.64 against a real Friday close of $28.84. [2] According to Lookonchain, the trader spent approximately $2,972 to buy 16.11 million MEME tokens, sold 750,000 tokens for roughly $85,300, and still held 15.36 million tokens valued at approximately $2.03 million at the time of the report. [3] AMC CEO Adam Aron publicly criticized Robinhood's tokenized stock service on 2026-09-03, calling it 'contemptible, outrageous, and disgusting' and stating that outside securities counsel was reviewing the matter. [4] The backlash from Adam Aron's criticism sparked a community meme reinterpreting the ticker AMC as 'A Meme Coin,' which gave rise to the MEME token on Robinhood Chain. [5] AMC CEO Adam Aron said on X that Robinhood's tokenized AMC shares are 'contemptible, outrageous, disgusting, detestable, inexcusable, vile,' said AMC has no connection to it, and questioned the scheme's legality. [6] Meme coin-stock pairs on Robinhood Chain generated $217 million in trading volume on September 2. [7] The real Hims & Hers Health (HIMS) stock barely moved, trading near $29 on Monday, September 2, despite the meme coin activity. [8]
What this stands on
  1. Lookonchain, an on-chain analytics account, reported that a wallet created 21 days ago (0xc740) turned approximately $2,972 into more than $2.1 million in under 12 hours by trading MEME token on Robinhood Chain, a 713x return. · beincrypto.com
  2. A meme coin called BONER locked up 53% of the tokenized Hims & Hers Health shares on Robinhood Chain over the August 30 weekend, briefly pushing the wrapped stock to $132.64 against a real Friday close of $28.84. · Decrypt
  3. According to Lookonchain, the trader spent approximately $2,972 to buy 16.11 million MEME tokens, sold 750,000 tokens for roughly $85,300, and still held 15.36 million tokens valued at approximately $2.03 million at the time of the report. · beincrypto.com
  4. AMC CEO Adam Aron publicly criticized Robinhood's tokenized stock service on 2026-09-03, calling it 'contemptible, outrageous, and disgusting' and stating that outside securities counsel was reviewing the matter. · beincrypto.com
  5. The backlash from Adam Aron's criticism sparked a community meme reinterpreting the ticker AMC as 'A Meme Coin,' which gave rise to the MEME token on Robinhood Chain. · beincrypto.com
  6. AMC CEO Adam Aron said on X that Robinhood's tokenized AMC shares are 'contemptible, outrageous, disgusting, detestable, inexcusable, vile,' said AMC has no connection to it, and questioned the scheme's legality. · Decrypt
  7. Meme coin-stock pairs on Robinhood Chain generated $217 million in trading volume on September 2. · Decrypt
  8. The real Hims & Hers Health (HIMS) stock barely moved, trading near $29 on Monday, September 2, despite the meme coin activity. · Decrypt
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