If Meme can drive down Wall Street, how much market value do you think this Meme is worth? Last night's BONER was already impressive. Another rabbit came today. Rabbit on Robinhood Chain. CA： 0xcd1cca2b3d0a11b295c42fe765ea8f895c2d0901 The core narrative of this project is not about rabbits or AI. but: Using Meme's liquidity to drive down Wall Street. Rabbit's chosen target is WYFI. Behind WYFI is WhiteFiber, a Nasdaq listed company that specializes in GPU cloud and AI data centers. Why not choose NVDA or TSLA instead of a small cap stock? Because this small amount of money on the chain was thrown at Nvidia, at most it made K-Line sneeze. But if the target is a small cap stock with small circulation, thin liquidity, and short selling chips, the same funds may create more significant price fluctuations. The smaller the plate, the more concentrated the short positions, and the less fuel is needed to force a short position. This is also the starting point of Rabbit's entire narrative. Its native pool is not Rabbit/ETH, but Rabbit/WYFI. To buy Rabbit in the native pool, you must first exchange it with WYFI Stock Token. So the machine began to rotate: The market continues to buy Rabbit. More WYFI Stock Tokens will enter the permanent pool. The number of WYFIs that can freely circulate on the chain has decreased. If Rabbit continues to rise and the market wants to continue buying, it needs to find more WYFI Stock Tokens. Here's the question: What if there is not enough WYFI on the chain? According to official Robinhood information, Stock Token is supported 1:1 by underlying stocks; New Stock Tokens can only be subscribed by authorized participants, currently BBVI is the authorized participant. Robinhood official statement The theoretical transmission path has emerged: Rabbit continues to rise The market continues to compete for WYFI Stock Token → Decreased inventory or premium on WYFI chain → Authorize participants to supplement Stock Token → Synchronize and supplement the corresponding WYFI underlying stocks on the issuing end → Increase in spot buying orders → Stock price increase → Bears bear pressure Short covering The stock price continues to rise This is the on chain version of GME that Rabbit wants to talk about. On chain players are responsible for grabbing stock tokens. The issuing end is responsible for supplementing underlying assets. Finally, Wall Street bears are responsible for writing the climax of the story. Of course, this chain is not a vending machine. Every time Rabbit rises, it doesn't mean Robinhood will immediately rush into NASDAQ to buy a WYFI. Adding Stock Tokens may first use existing stock inventory; Only when there is sustained demand and premium on the chain, authorized participants are willing to expand issuance, and inventory is insufficient, can new spot purchases occur. Currently, it can be confirmed that: The Rabbit native pool does require WYFI purchases, and net purchases will keep more WYFI in the permanent pool. O1 Stock Matching Mechanism Robinhood Stock Token does indeed adopt a 1:1 support design for underlying stocks. Robinhood Product Description But there is currently no evidence to prove that Rabbit has pushed BBVI to issue new WYFI Stock Tokens, let alone evidence that WYFI short positions on NASDAQ have been filled as a result. So what the market is trading now is not 'short selling has already happened'. but: What would happen if the liquidity on the chain could really be transmitted to the US stock spot along the Stock Token? This is the most imaginative aspect of Rabbit. The regular Meme sells an animal. Rabbit sells tickets for one participation in on chain GME. If three pieces of data can be seen changing simultaneously later: The WYFI in the Rabbit native pool continues to increase. The total supply of WYFI Stock Token has started to increase. The trading volume, stock price, and bearish data of NASDAQ WYFI are interconnected. So this rabbit is not just riding on stocks. It may really be trying to knock on Wall Street's door with on chain liquidity. Once this path is validated, the market is likely to replicate it in bulk: Search for small cap, high short, and low circulating stocks. Issue corresponding stocks paired with Meme. Create attention with Meme. Use Stock Token to receive liquidity. Then transmit the demand on the chain to the US stock spot market. At that time, cryptocurrency Meme will no longer be just a combination of a stock code and an animal image. It will become an on chain gameplay specifically designed to identify weak links on Wall Street. It is still unknown whether this rabbit can force WYFI. But the questions it raises are already interesting enough: Can Wall Street continue to treat Meme as a joke when the crazies on the chain start studying the overall flow of US stocks and short positions?