Behind the Meme Coin Craze: AMC CEO Slams Robinhood for Illegally Tokenizing US Stocks, Prompts Securities Lawyers to Launch Investigation

BlockBeats News, September 4th. Today, the meme coin project MEME, which skyrocketed by a thousand times, is paired with the tokenized stock of AMC Entertainment (an American theater company, stock symbol: AMC) as the underlying pool. AMC's CEO criticized Robinhood this morning, stating that Robinhood is promoting tokenized stocks, including AMC, claiming to cover more than 190 companies, without proper registration under the U.S. securities laws. This unauthorized linkage to the AMC name and underlying stock is completely unrelated to AMC, not endorsed by them, and AMC harshly described Robinhood's actions as "despicable, ridiculous, disgusting, abominable, unforgivable, and despicable," prompting external securities lawyers to immediately launch an investigation.

According to GMGN data, the Robinhood Chain's meme coin project MEME continues to surge, approaching a $50 million market cap, with a 24-hour increase of over a thousand times. MEME utilizes the stock trading platform Robinhood, pairing with the tokenized stock of AMC Entertainment (an American theater company, stock symbol: AMC) to provide liquidity through the MEME/AMC trading pair.

Furthermore, according to BIT (bit.com) market data, the U.S. stock AMC (American theater company) extended its after-hours trading gains to over 14%.