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Sphere Entertainment tokenized stock hits $5.37M on Solana, 14.2% of daily volume

  • Sphere Entertainment’s tokenized stock $SPHR recorded volume on Solana after launching.
  • $5.37 million represented 14.2% of the underlying stock’s daily volume.
  • Memestock pairs drove the reported activity during the token’s first two hours.

Sphere Entertainment’s tokenized stock, $SPHR, recorded $5.37 million in volume on Solana (a blockchain network) within two hours of launching. That amount equaled 14.2% of the underlying stock’s daily trading volume, with the activity attributed to a surge in memestock pairs.

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