Robinhood Expands Its Meme Token Offerings by Adding POPCAT, PENGU, and PNUT

Robinhood has expanded its meme token offerings by adding POPCAT, PENGU, and PNUT to its trading platform.

Popular trading app Robinhood has expanded its meme token offerings by adding POPCAT, PENGU, and PNUT to its platform. The move comes amid an overall market downturn, which has seen Bitcoin struggle to maintain its position above $80,000.

As part of its efforts to attract crypto traders, Robinhood has been selectively listing new assets. The inclusion of three new meme coins to its platform follows previous listings of PEPE, BONK, WIF, and SHIB.

After the news broke on July 17, the three newly listed tokens saw a meme coin rally, reflecting renewed interest in the sector despite market challenges.

All three tokens were trading near their lower range ahead of the listing. Among the three, PENGU and POPCAT saw a decline in their holder base, while PNUT lost nearly 90% of its value since its peak in November 2024.

However, following the listing announcement, POPCAT price increased from $0.15 to $0.18, triggering a minor meme coin rally. Among the three, POPCAT saw the biggest gain with a 20% surge in the immediate aftermath.

Meme coins have seen some level of confidence with the US SEC confirming that meme coins are not classified as securities. The clarification comes amid a broader discussion on cryptocurrency regulation.

POPCAT Price Reacts to Robinhood Listing

The recent listing by Robinhood on Tuesday triggered a price reaction in POPCAT. The meme coin, known for its community-driven activity and periodic trading surges, saw a 12% increase in the past hour.

POPCAT price stood at $0.18 at press time. It had been trading below the $0.15 mark for the past seven days.

POPCAT price showed a breakout from a descending triangle pattern, which could indicate further gains if buying pressure continues. Technical analysis signals suggest a rally toward $0.56 if the token maintains upward momentum. However, market conditions remain uncertain.

POPCAT also saw a decline in its holder base. According to data from Web3 intelligence platform TokenInsight, nearly 76% of the meme coin whale wallets, holding 100 ETH and above, reduced their positions in the past week.

The development signals a shift in market sentiment and could be linked to the broader cryptocurrency market volatility. Bitcoin price also showed weakness as it struggled to break above the crucial $80,000 resistance level.

Despite the broader market challenges, the inclusion of POPCAT, PENGU, and PNUT in Robinhood’s offerings could help inject fresh liquidity into the meme sector.

Earlier this month, Solana meme coin POPCAT sparked a 22% surge after its listing on Coinbase, boosting investor confidence. The development also comes amid reports of growing interest in meme coins despite broader crypto market volatility.

The listing on Coinbase increased market exposure and liquidity, driving renewed interest in the token. POPCAT is known for its community-driven activity and saw several trading surges this year.