Robinhood's tokenized GOOGL shares dropped nearly 12% alongside an after-hours selloff in Alphabet's underlying stock. The repricing occurred within a Uniswap liquidity pool, where approximately $603,000 was traded in just five minutes. The tokenized GOOGL product mirrors the real-time price of Alphabet shares and continues to trade on-chain even when traditional markets are closed, highlighting both the utility and volatility risks of tokenized equities during off-hours price movements.