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Alibaba Tokenized Stock Volume Reaches $4.42 Million on Robinhood Chain

Strategy added 766 holder wallets to reach 18,574, while Nvidia had the highest 24-hour volume at $40.71 million.

Updated 2 min read
A hand checks a stock trading app outside the New York Stock Exchange in Manhattan (AI-generated image / EconoTimes)
A hand checks a stock trading app outside the New York Stock Exchange in Manhattan (AI-generated image / EconoTimes)

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Alibaba’s onchain value fell 3.2% on Oct. 15 as its tokenized-stock volume climbed to $4.42 million, a 2,548.4% increase from the prior day, Robinhood Chain data showed.

Nvidia (NVDA) recorded the highest 24-hour total, at $40.71 million, according to Robinhood Chain’s volume figures. The next-largest totals were SPDR S&P 500 ETF (SPY) at $35.23 million, SpaceX (SPCX) at $17.93 million, Micron (MU) at $6.98 million and Circle (CRCL) at $5.7 million.

Outside Alibaba, volume climbed 371.9% for Exxon Mobil (XOM), 205.6% for SpaceX and 166.9% for Oracle (ORCL), Robinhood Chain data showed. The same data showed declines of 70.9% for Lululemon (LULU), 44% for Take-Two Interactive (TTWO) and 36.8% for BlackBerry (BB).

Strategy (MSTR) recorded the biggest holder-wallet gain among the listed stocks, with 766 additions; its total reached 18,574, Robinhood Chain data showed. Its wallet count rose 4.3%, while its trading volume increased 51.8%.

Wallet additions among the next four assets were 186 for Nvidia, 176 for Bloom Energy (BE), 175 for SpaceX and 145 for SPDR Gold Shares (GLD), according to Robinhood Chain data. Wallet counts dropped by 99 for Apple (AAPL) and by 97 each for Alphabet (GOOGL) and Microsoft (MSFT), the data showed.

Token issuance also varied across the assets. Circle had the largest issuance increase, adding 18,765.08455 tokens. Strategy added 11,476.21112 and Nvidia 7,346.192031939994; SPDR Gold Shares had the largest reduction, down 1,646.1754099999998 tokens, according to Robinhood Chain data.

Among reported premiums, iShares Silver Trust (SLV) was 2.1% above its regular-market price, versus 1.5% for Eli Lilly (LLY) and 1.4% for Johnson & Johnson (JNJ), Robinhood Chain data showed. Discounts ranged from 6.2% for CoreWeave (CRWV) to 4.6% for Bloom Energy and 4.2% for SanDisk (SNDK), the data showed. Bloom Energy added wallets despite an 11.8% drop in onchain value; Costco (COST) had a 1% premium alongside a 3.7% rise in onchain value.

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