Foreign media: The previous one named $CTO became popular due to its paired trading with the stock token $VIDAx. After the public response from the CEO of Vida Global, Lyle Pratt, the trading and discussion of related tokens have significantly increased.
Pair trading brings traffic.
$ CTO was named after the concept of “community takeover”, and its initial market value once rose to 5 million US dollars, before subsequently falling back to around 100,000 US dollars. On September 2, Pratt mentioned seeing experiments in the community surrounding tokenized equity, and then further explained how tokenized stocks work on September 3.
Vida Global Enters the On-Chain View
The article states that $VIDAx is currently in circulation on Solana in amounts of about 4.3 million coins, with a market value of approximately 11.2 million US dollars. Based on the total market value of Vida Global of about 37 million US dollars provided by TradingView, the portion in circulation on the chain has approached 30% of the company's total market value.
- More than $124,000 of VIDAx has been locked in the liquidity pool of Raydium.
- The article states that these assets cannot be withdrawn at will.
- Pratt also indicates a willingness to observe what the community can achieve regarding the shareholder group.
Tokenized stocks continue to spread.
The article regards this phenomenon as the latest case of narrative intersection between memecoin and RWA. The author points out that most tokenized stocks only provide price exposure and do not grant holders shareholder rights, but such products are bringing more TradFi assets into on-chain trading scenarios.
