What to know:
- Robinhood has decided to sprinkle some meme magic by adding two Solana-based memecoins, MOODENG and MEW, to its cryptocurrency buffet for U.S. customers. Because why not? 🎉
- MOODENG, inspired by a baby pygmy hippo meme (yes, you read that right), has ballooned to a $230 million market cap, surging over 836% in May. Who knew hippos could be so profitable? 🦛💰
- MEW, which launched during the Solana meme coin frenzy (a.k.a. the wild west of crypto), now boasts a $368 million market cap after a 52% price hike in May. It’s like the cool kid at the crypto party! 🎈
So, Robinhood has added two Solana-based memecoins, Moo Deng and Cat in a Dog’s World, to its ever-growing list of cryptocurrencies available for U.S. customers. Because, obviously, we need more ways to gamble our money! 🎲
Moo Deng, the adorable baby pygmy hippo token, has skyrocketed to a $230 million market cap this month after the meme went viral online in 2024. It’s like the hippo version of Bitcoin, soaring over 836% in May and jumping another 21% in the last 24 hours. Talk about a growth spurt! 🚀
On the flip side, Cat in a Dog’s World, a token based on our feline friends, launched in March 2024 as part of the Solana meme coin frenzy. It’s now sitting pretty at a $368 million market cap after a 52% price increase in May. It’s up nearly 20% in the last 24 hours. Cats really do rule the internet! 🐱
The latest additions to Robinhood’s meme coin collection come at a time when the regulatory landscape is loosening up, thanks to a few pro-crypto government leaders and President Donald Trump’s U.S. election win last year. Who knew politics could be so entertaining? 🎭
In November, Robinhood also added the trading of Pepe coin, another popular meme coin. The trading app now offers over 20 cryptocurrencies after previously cutting support for several tokens in 2023, thanks to the former SEC Chair, Gary Gensler, who was probably just trying to keep things boring. 🙄
Tom Carreras contributed reporting. Because someone has to keep track of this madness!
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2025-05-23 01:19