Tokenized Stock Holders Up 619.1%: COIN, HOOD and MSTR Only COIN Closed Green This Week
Tokenized stock holders grew 619.1%, but on Binance only COINUSDT closed green this week at 0.52%, while HOODUSDT rose 0.81% and MSTRUSDT fell 0.37%.
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A hot narrative, cold prices
The tokenized stock holders up 619.1% label keeps circulating, but the three Binance USDT-margined perpetual contracts tied to US equities did not move together this week. COINUSDT closed at 172.87 USDT with a weekly change of 0.52%. HOODUSDT closed at 110.64 USDT with a weekly change of 0.81%. MSTRUSDT closed at 128.25 USDT with a weekly change of -0.37%. Holder growth and weekly contract performance are two different things.
What actually happened this week
COINUSDT opened 2026-09-07 at 187.54 USDT and fell for four straight sessions to 170.68 USDT on 2026-09-10, with daily moves of -1.16%, -3.38%, -2.19% and -2.56%. It rebounded 2.68% on 2026-09-11 to 175.27 USDT, added 0.28% on 2026-09-12 to 175.78 USDT, slipped 2.16% on 2026-09-13 to 171.97 USDT, then rose 0.52% on 2026-09-14 to 172.87 USDT.
HOODUSDT fell 2.14%, 4.86%, 2.89% and 3.44% from 2026-09-07 through 2026-09-10, then rose 1.69% on 2026-09-11 to 112.34 USDT, fell 0.65% on 2026-09-12 and 1.67% on 2026-09-13, and rose 0.81% on 2026-09-14 to 110.64 USDT.
MSTRUSDT fell 3.33%, 3.56%, 2.51% and 4.45% from 2026-09-07 through 2026-09-10, rose 2.52% on 2026-09-11 to 130.63 USDT, then fell 0.47%, 0.98% and 0.37% to close at 128.25 USDT on 2026-09-14.
| Pair | Date | open | close | Change |
|---|---|---|---|---|
| COINUSDT | 2026-09-07 | 187.54 USDT | 185.36 USDT | -1.16% |
| COINUSDT | 2026-09-08 | 185.36 USDT | 179.09 USDT | -3.38% |
| COINUSDT | 2026-09-09 | 179.09 USDT | 175.17 USDT | -2.19% |
| COINUSDT | 2026-09-10 | 175.17 USDT | 170.68 USDT | -2.56% |
| COINUSDT | 2026-09-11 | 170.69 USDT | 175.27 USDT | 2.68% |
| COINUSDT | 2026-09-12 | 175.29 USDT | 175.78 USDT | 0.28% |
| COINUSDT | 2026-09-13 | 175.77 USDT | 171.97 USDT | -2.16% |
| COINUSDT | 2026-09-14 | 171.97 USDT | 172.87 USDT | 0.52% |
| HOODUSDT | 2026-09-07 | 126.55 USDT | 123.84 USDT | -2.14% |
| HOODUSDT | 2026-09-08 | 123.83 USDT | 117.81 USDT | -4.86% |
| HOODUSDT | 2026-09-09 | 117.79 USDT | 114.38 USDT | -2.89% |
| HOODUSDT | 2026-09-10 | 114.39 USDT | 110.45 USDT | -3.44% |
| HOODUSDT | 2026-09-11 | 110.47 USDT | 112.34 USDT | 1.69% |
| HOODUSDT | 2026-09-12 | 112.34 USDT | 111.61 USDT | -0.65% |
| HOODUSDT | 2026-09-13 | 111.61 USDT | 109.75 USDT | -1.67% |
| HOODUSDT | 2026-09-14 | 109.75 USDT | 110.64 USDT | 0.81% |
| MSTRUSDT | 2026-09-07 | 146.72 USDT | 141.83 USDT | -3.33% |
| MSTRUSDT | 2026-09-08 | 141.84 USDT | 136.79 USDT | -3.56% |
| MSTRUSDT | 2026-09-09 | 136.79 USDT | 133.35 USDT | -2.51% |
| MSTRUSDT | 2026-09-10 | 133.36 USDT | 127.43 USDT | -4.45% |
| MSTRUSDT | 2026-09-11 | 127.42 USDT | 130.63 USDT | 2.52% |
| MSTRUSDT | 2026-09-12 | 130.63 USDT | 130.01 USDT | -0.47% |
| MSTRUSDT | 2026-09-13 | 130.01 USDT | 128.73 USDT | -0.98% |
| MSTRUSDT | 2026-09-14 | 128.73 USDT | 128.25 USDT | -0.37% |
Three days stand out. On 2026-09-10 all three fell together, with MSTRUSDT down 4.45%, HOODUSDT down 3.44% and COINUSDT down 2.56%. On 2026-09-11 all three rebounded together, with COINUSDT up 2.68%, HOODUSDT up 1.69% and MSTRUSDT up 2.52%. On 2026-09-14 the split returned: COINUSDT up 0.52%, HOODUSDT up 0.81%, MSTRUSDT down 0.37%.
Where this week ranks in the sample
COINUSDT has 32 weekly samples, and 16 weeks were stronger than this one. The week of 2026-04-13 moved from 165.71 USDT to 201.21 USDT, a change of 21.42%. The week of 2026-08-17 moved from 149.28 USDT to 188.36 USDT, a change of 26.18%. The week of 2026-06-29 moved from 149.07 USDT to 174.48 USDT, a change of 17.05%. This week's 0.52% sits in a different range.
HOODUSDT has 33 weekly samples, and 12 weeks were stronger. The week of 2026-04-13 changed 30.66%, 2026-05-25 changed 27.52%, 2026-08-31 changed 20.61% and 2026-06-29 changed 15.91%. This week's 0.81% does not rank near the top.
MSTRUSDT has 32 weekly samples, and 15 weeks were stronger. The week of 2026-06-29 changed 30.27%, 2026-08-17 changed 28.64%, 2026-04-13 changed 28.39% and 2026-08-31 changed 15.05%. This week's -0.37% points the other way.
| Pair | Weekly samples | Weeks stronger than this one | Strongest week in sample | That week's change |
|---|---|---|---|---|
| COINUSDT | 32 | 16 | 2026-08-17 | 26.18% |
| HOODUSDT | 33 | 12 | 2026-04-13 | 30.66% |
| MSTRUSDT | 32 | 15 | 2026-06-29 | 30.27% |
What the popular posts say
Popular posts on the Square argue that tokenized stock holders up 619.1% shows on-chain US equity exposure is being adopted more widely, and that the narrative benefits crypto financial infrastructure first before reaching US brokerage platforms (relayed, not this site's view). Some posts group $COIN, $HOOD and $MSTR together, saying they map to a trading platform, a retail brokerage and a bitcoin treasury, so holder growth spills over into their contracts (relayed, not this site's view). Others note that narrative heat and price action often diverge, since holder growth is a slow variable and contract prices are a fast one (relayed, not this site's view). These are opinions, not confirmed facts.
Three honest points
Gaps are routine for these contracts. HOODUSDT opened 2026-09-08 at 123.83 USDT and closed at 117.81 USDT, down 4.86%; MSTRUSDT opened 2026-09-10 at 133.36 USDT and closed at 127.43 USDT, down 4.45%. US equity contracts keep trading when US markets are closed, so gaps between the open and the prior close are common.
High leverage magnifies that volatility. This week COINUSDT had four down days and four up days, HOODUSDT had five down and three up, and MSTRUSDT had six down and two up. Position size decides the outcome before direction does.
Funding rates and hindsight both matter. Perpetual funding rates shift with long and short pressure, and holding overnight means facing them. The weeks of 2026-04-13, 2026-08-17 and 2026-06-29, with changes of 21.42%, 26.18% and 17.05%, were only labeled afterwards. Treating the strongest week in hindsight as a repeatable template is the easiest mistake to make.
Fees
Binance contract default maker fee is 0.02% and default taker fee is 0.05%. The rebate ratio is 20%, so the effective maker fee after rebate is 0.016% and the effective taker fee after rebate is 0.04%. These numbers are fixed regardless of this week's moves.
Source: https://fapi.binance.com/fapi/v1/exchangeInfo
Data as of 2026-09-14; source: Binance official API. Not investment advice.
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