Robinhood Releases MOODENG and MEW: Prices Jump Up to 20%

Popular trading platform Robinhood has once again made a splash in the crypto market by officially listing two Solana-based meme coins, Moo Deng (MOODENG) and Cat in a Dog’s World (MEW).

This decision immediately rocked the market, triggering a significant price increase for both assets in a short time.

MOODENG Skyrockets 19%

Based on the information we quoted from the Beincrypto media, MOODENG is in the spotlight with a price increase of nearly 19% after the listing announcement.

This increase continues the previous positive trend, where this token has soared 612% in early May.

Investor interest in MOODENG seems to be getting stronger, making it one of the meme coins worth watching.

MEW No Less Shining

On the other hand, MEW recorded a price increase of around 17% after entering the Robinhood platform.

Although not as popular as MOODENG, MEW’s performance shows potential for growth, although its price is still far from its historical peak.

Market Response and Community Highlights

Robinhood’s decision to add MOODENG and MEW as the 11th and 12th meme coins on its platform has been met with enthusiasm by market participants.

However, this euphoria has also been accompanied by concerns among the crypto community on social media.

Many have questioned whether the price surge, especially for MOODENG, is an indication of market manipulation. The lack of transparency regarding MEW has also been a hot topic of discussion.

What’s Next?

The Robinhood listings have been a breath of fresh air for MOODENG and MEW, with the price increases confirming the appeal of meme coins in the crypto market.

However, the community remains cautious, given the high volatility and potential risk of manipulation. The future movements of these two tokens will be in the spotlight, as investors wait to see if the momentum can be sustained.