On May 22, 2025, Robinhood added Moo Deng and MEW to its trading platform, marking a significant advancement in the cryptocurrency sector.
Rise of Meme Coins on Robinhood
Robinhood officially listed Moo Deng (MOODENG) and MEW on its platform on May 22, 2025. Both tokens are based on the Solana blockchain, and their inclusion aligns with broader trends of increased interest in cryptocurrencies.
Market Reaction and Community Response
Following the addition of the meme coins to the platform, there was a notable price increase: Moo Deng surged by 20% and MEW by over 17%. This occurred as the price of Bitcoin climbed to over $110,000. Community and investor reactions were positive, highlighting the importance of this move for the Solana network.
Historical Context and Expert Insights
Given the rising popularity of meme coins, the addition of Moo Deng to Robinhood underscores the changing preferences of traders. Currently priced at $0.32, Moo Deng has a market capitalization of $318.36 million, and the trading volume in the last 24 hours reached $726.19 million. According to Coincu, Robinhood's expansion into meme coins may indicate larger trends in the evolving crypto market.
The inclusion of Moo Deng and MEW on Robinhood highlights the growing interest in meme coins and may signal further changes in the cryptocurrency market.
