Crypto traders are pushing a provocative idea: what if a meme coin could do more than rally on-chain and actually influence the price of a publicly traded stock?
An early version of that experiment is already taking shape on BNB Chain. Meme tokens are beginning to trade against GMEB, Binance’s tokenized representation of GameStop, creating a market where speculative crypto assets are directly paired with an asset linked to a real-world equity.
Binance says its tokenized shares are fully backed by corresponding stocks held with a custodian.
GameStop’s Tokenized Stock Enters Meme Coin Territory
One example is memestock, which trades against GMEB through a PancakeSwap liquidity pool launched on August 12. The pool has accumulated more than $200,000 in liquidity and recorded roughly $543,000 in trading volume over 24 hours.
Memestock is not alone. At least 10 meme coins—including stockmemes, LONGCZ, and BURN now use GMEB as their trading pair. Combined, those pools generated approximately $2.2 million in volume over 24 hours.
GMEB is part of Binance’s bStocks initiative, a tokenized-equity product introduced in June and subsequently expanded through additional launches.
Welcome to bStocks.
Gain stock exposure anytime, anywhere, 24/7, across both the exchange and Binance Wallet.
The market has opening bells. bStocks doesn’t.
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— Binance (@binance) June 11, 2026
According to Binance, each bStock corresponds to a real U.S. share held by a regulated custodian. BTech Holdings Limited issues the tokens, while Nest Trading Limited handles conversions, with one token representing one share.
The On-Chain Market Is Still Tiny Compared With Wall Street
Despite the attention surrounding tokenized equities and meme coins, the scale remains minuscule relative to the underlying companies.
There are currently 292,353 tokenized GameStop shares on-chain, representing about $5.3 million in value. GameStop’s market capitalization at Friday’s close was approximately $8.02 billion.
That puts the tokenized portion at only around 0.07% of the company. Meanwhile, the meme coin ecosystem built around the token is itself valued at roughly $3.7 million.
A similar dynamic can be seen on Robinhood Chain, although the contrast is even more dramatic. Artificial Inu, one of the chain’s largest meme coin experiments, has reached a valuation of approximately $98.6 million, while the tokenized Nvidia shares it trades against represent only about $9.3 million.
Nvidia, by comparison, is valued at roughly $5.25 trillion.
There is also a significant limitation in how these markets connect with traditional finance. Binance makes its bStocks available through Abu Dhabi and says the products are not offered to U.S. persons.
Conversions between the blockchain tokens and underlying shares are restricted to eligible users. As a result, a surge of on-chain trading does not necessarily translate into buying pressure on the corresponding stock in U.S. markets.
The Bigger Bet: Can a Meme Coin Move a Stock?
That disconnect is exactly what some traders want to test.
Crypto trader Schoen recently framed the challenge around a more extreme scenario: a meme coin paired with a very small publicly traded company, where intense on-chain speculation could eventually spill into the underlying stock and drive a major price move.
GameStop, however, is considered far too large for that experiment. Traders are instead looking for a company with a market value somewhere between $50 million and $250 million.
So far, no company in that range has been tokenized and paired with a meme coin in the way traders are imagining.
The infrastructure exists. The liquidity experiments have begun. What has not yet happened is the event traders are really watching for: an on-chain meme coin frenzy becoming large enough to materially affect the price of the real stock behind it.
