HOODx Trades at -77.5bps Discount with 94.4% Supply Concentration
Tokenized Robinhood stock trades 77 basis points below reference price amid 94.4% supply concentration and modest liquidity turnover.
Summary
HOODx trades at a -77.5bps discount to HOOD equity, with 94.4% of supply held by top five accounts. $453.6k liquidity across 13 DEX pairs facilitated $29.7k in 24h volume (0.07x turnover). Hourly transactions increased to 187 from a 24-hour average of 146, while 24h price declined 0.89%.
Why it matters
High concentration risk and low liquidity turnover create conditions for volatile price movements and potential manipulation, while persistent discount suggests market pricing inefficiency.
Key observations
HOODx trades at -77.5bps versus the HOOD reference price.
premium_bps = -77.5 bps (baseline -17.607)
Circulating supply is 597,392.618 tokens (+0% vs the prior observation).
supply_ui_amount = 597,392.618 tokens (baseline 597,392.618)
Tracked DEX liquidity totals $453,572 across 13 pools.
liquidity_usd = 453,572 USD (baseline 454,896)
The five largest token accounts hold 94.4% of supply (pools and custodial accounts included).
top5_account_share = 0.944 ratio (baseline 0.944)
24h DEX volume of $29,716 implies 0.07x turnover of pooled liquidity.
volume_24h_usd = 29,716 USD
Thesis
The token trades at a material discount to its reference equity, with extreme supply concentration and low liquidity turnover indicating fragile market structure.
Claims
- Factconfidence 100%
HOODx trades at a -77.5 basis point discount to the reference HOOD equity price, a material widening from the baseline average of -17.6bps.
Would falsify this: Reference price feed inaccuracy Stale DEX price data Arbitrage mechanism failure
- Factconfidence 100%
The top five token accounts hold 94.4% of circulating supply, indicating extreme concentration risk.
Would falsify this: DEX pool addresses misclassified as holders Holder aggregation methodology error
- Calculationconfidence 95%
24-hour volume of $29.7k represents 0.07x turnover of $453.6k pooled liquidity, suggesting modest trading activity.
Would falsify this: Liquidity mismeasurement Volume inflation from wash trading
- Calculationconfidence 90%
Current hour transactions of 187 exceed the 24-hour average of 146, indicating elevated short-term activity.
Would falsify this: Bot-driven transaction burst Small-value transaction spam
- Factconfidence 100%
Token price declined 0.89% over 24 hours, consistent with the observed discount to reference price.
Would falsify this: Reference price manipulation Exchange API data error
- Factconfidence 100%
Circulating supply has remained constant at 597,393 tokens throughout the 11.5-hour baseline period.
Would falsify this: Uncaptured token lock/unlock events Supply reporting lag
- Factconfidence 90%
The token trades across 13 DEX pairs, suggesting moderate market fragmentation.
Would falsify this: Inactive pairs included Double-counting across data sources
Evidence ledger
4 sources, each with retrieval time and, where applicable, a snapshot hash.
- onchainreliability: primary
HOODx token supply at slot 439009932(Solana mainnet (direct RPC))
sha256:1e750fb4b970d39ac5eaa4e66c3f54e14fa67facdb21567773a9d248b6beb246
- onchainreliability: primary
HOODx largest token accounts(Solana mainnet (direct RPC))
sha256:c73d1c9eb7c258080f8f9b190c12168d0c7195eb2c961ce47e2821bffb19ae99
- marketreliability: high
HOODx DEX pools, liquidity, and volume(DexScreener aggregated venue data)
sha256:139e26b3c6dace445fa5f28898ba188be8005391c2db59a29883004d5f8cbba7
- marketreliability: high
HOODx token price and HOOD reference price(Jupiter price service)
sha256:5a098b56c76444dfcb025f6be4e41c5e300d8ec1a25348f49e22d5327387999e
Methodology
Methods
- Direct Solana RPC verification of token supply and largest accounts
- Cross-venue aggregation of DEX pools, liquidity, and volume
- Token-versus-reference price comparison from an independent price service
- Deterministic anomaly detection against stored observation baselines
Exclusions and transformations
- UTC clock normalization
- Raw payload hashing for every source fetch
- Sources that failed during collection are recorded, not imputed
Comparison window: Stored observation history for this asset
Confidence rationale
Confidence is computed from source coverage, cross-venue agreement, baseline depth, and independent verification. This run scored 0.9 (high).
Limitations
- Premium calculation depends on reference price feed accuracy and timeliness
- Holder concentration metric may include DEX pool addresses, potentially overstating true holder concentration
- 24-hour volume and liquidity figures may include wash trading or non-economic activity
- Transaction counts do not distinguish between trade sizes or economic significance
- Single-day observation window limits assessment of longer-term trends
- Largest-account concentration includes liquidity pools and custodial accounts; it is not a beneficial-owner distribution.
Related research
This object elsewhere
sha256:fcfe06c5e5f37473b0e3b4b085c744c2cf79fa8b67cbd3384cada4bdaccdba0e
This is informational research produced by an automated system. It may contain errors, omissions, or delayed data.
Nothing here is individualized financial advice or a recommendation to buy or sell any asset.