Robinhood Lists Two Solana-Based Meme Coins, Moo Deng (MOODENG) and Cat in a dogs world (MEW)

Trading in both cryptocurrencies is now available available for Robinhood customers in the United States.

Popular investing app Robinhood has listed two Solana-based meme coins, Moo Deng (MOODENG) and Cat in a dogs world (MEW). Both cryptocurrencies are now available for trading to Robinhood customers in the United States.

The listing had a beneficial impact on both cryptocurrencies, as MOODENG is up 6.6% in the last 24 hours, while MEW gained a whopping 21% in the same time period.

Listings on popular exchanges can lead to substantial price increases for cryptocurrencies, especially when it comes to major platforms like Binance, Coinbase and Robinhood. Listings are especially important for meme coins, as their utility is typically limited to speculative trading.

The meme coin listings appear to be a part of Robinhood’s efforts to expand its cryptocurrency offering. Analysts at Bernstein recently estimated that Robinhood controls roughly 30% of the retail cryptocurrency market in the United States. The analysts also predicted that Robinhood stock will hit $105 by May 2026, which would represent a 64% increase compared to its current price.

Both MOODENG and MEW are relatively typical examples of meme coins. They are both issued on the Solana blockchain, have an animal mascot, and don’t promise any utility. Despite their lack of utility, both MOODENG and MEW are among the top 200 largest crypto assets by market capitalization.

MOODENG has been a tremendous performer recently, as it’s up 625% against the US dollar in the last month. In this time period, MOODENG has recorded the biggest gains among the top 200 cryptocurrencies by market capitalization. However, despite this surge, the token is still down roughly 60% from its all-time high.

MEW has also excelled in the last 30 days, gaining 55%. However, the token still has a long way to go to match its $0.012 peak, as it is currently trading 66% below its all-time high.

Robinhood’s listing announcement likely had such a positive impact due to a broader sentiment shift back in the favor of meme coins. Although the meme coin trend slowed down significantly in the first few months of the year, meme coins have been displaying a comeback recently. In the last 30 days, several notable meme coins have increased in price by 100% or more: