Once appeared approximately 10 times premium, Robinhood Crypto's on-chain GME tokenized stock is continuously minted by market makers for arbitrage

According to market data, the trading activity of GME Meme Token and GME tokenized stock on Robinhood Crypto has driven up the price of the underlying liquidity pool. The on-chain price of GME tokenized stock once showed an approximately 10 times premium compared to the real stock price. The liquidity scale of the relevant trading pool is approximately $200,000, with significant buy-side pressure pushing the price away from the spot. Currently, the Mint/Burn permission for GME tokenized stock is only open to authorized participants and market makers who have completed KYB. On-chain data shows that the official Mint address is continuously minting additional tokens and supplying liquidity to the market. The latest records indicate new Mint transactions are occurring almost every minute to alleviate the premium and drive the price back toward its true value.