Robinhood tokenized stock supply surges 19x as AMC meme coins peak

The scale of the tokenized supply jump suggests demand for synthetic exposure is being met by real share purchases, which inherently limits how far price can run when arbitrage is active. This contrasts with the 2021 dynamic where a fixed float allowed a squeeze to persist. The swift price reversion within a week underscores that the arb mechanism is functioning as a pressure valve, not a catalyst. What matters is whether this issuance pace reflects durable retail appetite or a spike tied to meme-coin speculation, and whether other heavily-shorted equities see similar tokenized supply responses that blunt their squeeze potential.