AMC stock-tied meme coin hits $150 million in value in just five hours; AMC’s CEO issues an emergency halt and threatens to sue Robinhood, filing a complaint with the SEC.

Today, AMC, a U.S. publicly traded company, saw its CEO engage in a debate with Robinhood’s founder over the legality and rationality of U.S. stock tokenization. Taking this as an opportunity, the meme coin "MEME"—backed by AMC stock—hit a "mythical" milestone of surpassing $100 million in market cap in a single day. Meanwhile, AMC’s post-market trading once surged over 20%. As of this afternoon, the latest development is that AMC CEO Adam Aron has demanded Vlad Tenev and Robinhood voluntarily halt AMC stock token trading; otherwise, AMC has retained external securities lawyers to explore whether it can take measures to force a stop. He also stated he will submit inquiries to the U.S. Securities and Exchange Commission (SEC) regarding Robinhood’s practices. In today’s BlockBeats article titled "The Extreme Emotional Rush of $150 Million: AMC’s Short Squeeze Comes Full Circle Every 5 Years," a quantitative analysis was conducted on the practical possibility of short squeezing AMC stock amid the MEME craze. The article notes that based on the current volume of AMC stock in MEME’s liquidity pool, achieving a short squeeze on the underlying stock is "still several orders of magnitude away." Due to time zone differences, as of press time, related events have temporarily cooled down: AMC’s pre-market trading gain has fallen back to 6%, and MEME’s market cap has also dropped below the $100 million mark. However, BlockBeats believes that if the incident continues to escalate, Robinhood’s founder firmly adheres to the crypto-stock meme route, and the debate between the two sides expands to a broader scope, MEME’s popularity and market cap keep rising, the crypto community may still potentially seize the pricing power of AMC’s underlying stock.