Moo Deng and MEW Surge on Robinhood Listing as Memecoin Market Explodes

Robinhood has expanded its cryptocurrency trading platform by adding Moo Deng and MEW, two Solana-based memecoins, to its offerings. This move comes after a surge in interest for memecoins, and the tokens’ prices are reflecting this excitement. Moo Deng saw an 836% price increase in May alone, with another 21% gain following the platform’s listing announcement, and MEW posted 52% monthly gains with nearly a 20% spike after Robinhood’s inclusion. Institutional interest in meme-based cryptocurrencies continues to grow as both tokens saw significant increases in price post-listing.