Micron Technology (Ondo Tokenized Stock)
MUONThe full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
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About Micron Technology (Ondo Tokenized Stock)
Analysis of 5 Jun 2026Micron Technology (Ondo Tokenized Stock), or MUON, is a tokenized representation of Micron Technology (NASDAQ: MU) shares issued through Ondo Global Markets by Ondo Finance.
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As of June 5, 2026, CoinGecko shows MUON trading around $990 with roughly $90M market cap, about 91,000 circulating tokens, and $5-6M in 24-hour volume after a sharp 30-day rally. Each MUON token is designed to provide economic exposure to Micron stock through Ondo Global Markets, which uses a bankruptcy-remote special purpose vehicle, full asset backing with overcollateralization, third-party security-agent protections, daily attestations of assets held at regulated U.S. entities, and audited smart contracts.
MUON trades across Ethereum, BNB Chain, Solana, HyperEVM, and centralized venues, though only the Ethereum, BNB Chain, and Solana contracts are listed here. The underlying Micron story is unusually strong: fiscal Q2 2026 revenue reached $23.86B, gross margin hit 74.4% GAAP, non-GAAP EPS reached $12.20, and management guided fiscal Q3 revenue to $33.5B plus or minus $750M as AI memory demand and tight supply drove record results.