The cryptocurrency token MEW experienced a substantial price surge, reaching as high as 31%, after its listing on popular trading platform Robinhood. The token’s market capitalization also surged to over $400 million on May 23rd Asian time, according to crypto news sources. MEW’s trading activity intensified throughout the week, with volume jumping significantly from Wednesday’s $40 million to Thursday’s $70 million before reaching a staggering $315 million on Friday. Several factors contributed to this significant price jump: 1) MEW’s listing on Robinhood, which boosted its visibility and credibility, especially for US users. 2) The token participated in the Las Vegas Licensing Expo, offering potential partnerships with IP leaders and brand developers. This event may have injected fresh optimism into traders. 3) A teaser about a new partnership with Cuberium, a blockchain-powered GameFi platform known for its tower defense games, is driving further excitement among market participants. Finally, the derivatives market displayed strong bullish interest with open interest in MEW futures surging 121% over the past 24 hours to reach a five-month high of $72 million. 4) The broader crypto market was also supportive as Bitcoin set a new all-time high, boosting sentiment across the sector. Technical analysis suggests a potential continuation of the rally with MEW forming a round bottom pattern and bullish indicators such as MACD lines pointing upwards and Supertrend indicator flipping green, suggesting further upside. However, a slight pullback towards the $0.0030 level could be expected if buying pressure eases. This article is for informational purposes only and does not constitute investment advice.