According to BlockBeats, Robinhood's stock experienced a significant fluctuation in pre-market trading, initially rising over 4% before narrowing its gains to 0.93%. The current stock price is reported at $94.55.
The volatility follows Robinhood's announcement of a new tokenized stock product based on the Arbitrum platform. Additionally, the company plans to develop a dedicated Layer 2 network for Real World Assets (RWA).