🏴 Stock-Paired Meme Squeeze?

Q: TEQ supply cornering does not squeeze underlying stocks; AMC token hit $166.86 vs $2.59 stock and HI

TEQ supply cornering does not squeeze underlying stocks; AMC token hit $166.86 vs $2.59 stock and HIMS $132.64 vs $28.84, but real shares stayed put.

Q: BTC reclaimed $80k as Fed's Waller signaled rate hold; PONS launcher notched record volume ($544M) a

BTC reclaimed $80k as Fed's Waller signaled rate hold; PONS launcher notched record volume ($544M) and token creation, sending PONS up 51% to a new ATH.

Q: Ethereum blob usage hit a new high of 6.7 blobs per block, under half the 14-blob target but signali

Ethereum blob usage hit a new high of 6.7 blobs per block, under half the 14-blob target but signaling rising L2 activity.

·Thursday, September 3, 2026·6 min read

Crypto/Web3 Finance

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AI Summary

The newsletter debunks the idea that stock-paired memecoins can squeeze underlying stocks, explaining that cornering tokenized stock supply doesn't create equivalent stock demand. It highlights weekend price dislocations (AMC token 64x, HIMS 4.6x) and argues TEQs have a larger design space ahead. It also covers BTC reclaiming $80k, Pons' record day, and Ethereum's blob usage hitting an all-time high.

Key Facts

✓TEQ supply cornering does not squeeze underlying stocks; AMC token hit $166.86 vs $2.59 stock and HIMS $132.64 vs $28.84, but real shares stayed put.

✓BTC reclaimed $80k as Fed's Waller signaled rate hold; PONS launcher notched record volume ($544M) and token creation, sending PONS up 51% to a new ATH.

✓Ethereum blob usage hit a new high of 6.7 blobs per block, under half the 14-blob target but signaling rising L2 activity.

Author Takes

Bearish

Stock-paired meme squeeze

Cornering tokenized stock supply doesn't force equivalent purchases of underlying stock, so the squeeze is a lie.

Bullish

Tokenized Equities (TEQs)

The squeeze may be dead, but TEQs are just getting started and represent a new design space for onchain equities.

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