Deconstruction of the $70 million CoinStock meme BONER: Top Profit Address Shows $1.73 Million Unrealized Gain, Continues to Buy

BlockBeats News, September 1st, according to GMGN data, the Robinhood-listed meme stock coin BONER experienced a 3-day express pass through $70 million, and is now retracing to $53.56 million.

Data shows that the token's top address belongs to the fomo platform's crypto KOL eric (@econoar). He started accumulating when the token's market cap was $170,000, and has now invested a total of $26,800, with an average buy-in price of $826,000 market cap. It is worth mentioning that Eric was still making small purchases of BONER this morning. His unrealized gains from holding are $1.728 million.

Some analysis points out that the rapid rise in the token's market cap may be attributed to the limited circulation of the stock token HIMS paired with it on the Robinhood chain (last Friday, there were only about 15,000 coins in circulation). The logic is as follows: when BONER continues to be pushed up by buying pressure, the paired pool drains a large amount of on-chain HIMS inventory. This leads to the price of HIMS deviating from its true stock price and skyrocketing (rising to a premium of up to 2x), which in turn further drives up BONER.

BlockBeats Note: Meme Stock is an emerging trend that combines traditional meme coins with tokenized US stocks: Meme coins are no longer paired with USDT or ETH, but directly paired with on-chain stock tokens (such as NVDA, TSLA, AAPL, etc.), maintaining the speculative nature driven by meme coin's high volatility and community, while also riding the wave of real stocks' popularity and narratives. Transaction fees often partially flow back to the community treasury to accumulate corresponding stock tokens, forming a dual-driven model of "emotional hype + real asset anchoring."