- Robinhood lists MOODENG and MEW, influencing market dynamics significantly.
- Prices of both tokens increased by 20% after the listing.
- Robinhood’s involvement in meme coins continues to influence market momentum.
Robinhood listed Moo Deng (MOODENG) and Cat in a Dog’s World (MEW) for trading, sparking immediate price surges on the trading platform.
The listing indicates a strategic shift for Robinhood, reflecting in significant short-term gains for meme coins and increasing market speculation.
Robinhood Listing Sparks 20% Price Surge for MOODENG, MEW
Robinhood announced the trading availability of MOODENG and MEW, causing a notable price surge. The brokerage platform’s strategic inclusion of meme coins highlights an ongoing shift in its crypto assets focus.
MOODENG and MEW, both Solana-based meme coins, reached new heights following the Robinhood listing. No statements from the projects’ creators have been documented, maintaining their known anonymity.
Market Caps of MOODENG and MEW Swell Post-Listing
Post-listing, MOODENG’s market cap surged to $230 million, while MEW reached $368 million. Robinhood’s consistent presence in the crypto sector remains influential, especially within meme-based tokens.
The 20% price increase for both tokens underscores the ongoing speculative trend in the crypto market. No immediate regulatory reactions have been reported regarding Robinhood’s latest additions.
Robinhood’s Meme Coin Strategy Mirrors Dogecoin Success
Similar past meme coin integrations, such as Dogecoin on Robinhood, showed initial spikes followed by stabilization. These patterns emphasize the short-lived impact of such listings.
If this trend continues, speculative trading could intensify, with potential implications for market volatility and investor sentiment, especially given meme coins’ unpredictable nature.
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