Looks like it encodes the whole code instead of storing it somewhere, so yes.
Re:TIO: Try it online
by potatoasdsadsad on Sunday July 16, 2017 @03:42PM
(#14783785)
Well in TIO 2.0 that is coming soon it will not be that long.
BTW Do we really need ~540 bits (~90 chars of base62) to identify permanent link?