$AI is the number 1 memestock on Robinhood Chain.
$AI is backed by a locked vault of $NVDA tokens
Its vault currently holds $2.5M worth of $NVDA shares and the underlying token $AI is trading at $274M MC ~119x above its vault backing. The vault is locked in its Vault contract.
The market is telling us that it’s valuing memecoins with a tokenized-stock vault/treasury at a 119x premium to their vaults. Following $AI’s Model.
$RFLX is another interesting token that runs the same model with one upgrade:
its vault is accumulating $NFLXx vault AND it is redeemable.
Burn $RFLX, claim NFLXx at 1:1. The backing isn’t just visible, it’s claimable.
27.4% of supply already burned and Every burn deepens the backing per token left.
Applying the market’s own multiple to RFLX’s treasury means that: with $48,000 Vault holding NFLX stock, $RFLX trading at at 119x multiple to its vault puts it at $5.7M MC
It doesn’t trade anywhere near that, it’s currently trading at $120K MC
There are several memestocks with similar vault mechanics and with AI leading the way and becoming the number 1 meme on Robinhood chain, It highlights massive opportunity’s for other memestocks with similar models.
I expect a lot of this coins to get repriced as the markets start to fully understand what just happened.
Congrats on ATHs to the $AI community 👏
$CHONKETHA is building identity through culture, and momentum through community, every post adds more lift. HcfnJxLov6tY8i1dq9uYRRZKCvxADPpovcfkyXzdpump