BlockBeats News, July 23rd. According to market data, the trading frenzy of the GME Meme Token and GME tokenized stock on Robinhood Crypto has driven a rapid surge in the underlying liquidity pool price. The on-chain price of the GME tokenized stock once had a roughly 10x premium compared to the actual stock price. Due to the liquidity pool's modest size of about $200,000, a large amount of buying pressure caused the price to deviate significantly from the spot market.

Currently, the Mint/Burn permission for the GME tokenized stock is only open to Authorized Participants who have completed KYC and market makers. On-chain data shows that the official Mint address is consistently issuing new tokens and supplying liquidity to the market. The latest records indicate almost a new Mint transaction every minute to alleviate the premium and drive the price back to its true value.