In a rather unceremonious fashion, Robinhood has decided to grace the crypto world with the addition of two Solana-based meme coins: Moo Deng (MOODENG) and Cat in a Dog’s World (MEW). And lo and behold, both assets leapt nearly 20% as if propelled by a particularly enthusiastic kangaroo. 🦘
These tokens now proudly hold the titles of the 11th and 12th meme coins to be paraded on the platform. Meanwhile, a few social media users, bless their skeptical hearts, are fretting over potential market manipulation, given MOODENG’s recent meteoric rise and MEW’s rather shy demeanor. 😏
MOODENG Soars Post-Robinhood Listing
Ah, Robinhood, that beloved broker-dealer app, has been on a crypto revenue spree lately. Its past listings have been a mixed bag, akin to a box of chocolates where some are filled with delightful nougat and others with… well, let’s just say, not-so-delightful surprises. 🍫
Today, in a move that could only be described as abrupt, Robinhood announced the listing of two meme coins, MOODENG and MEW, igniting a dramatic rally that could make even the most stoic of traders raise an eyebrow.
Among these two new Solana-based darlings, MOODENG has been the overachiever, boasting a staggering 612% weekly rally earlier this month—a wave that, unlike my New Year’s resolutions, actually proved durable. 📈
Throughout May, this meme coin has shown remarkable growth, although it remains a far cry from its all-time high. After today’s listing, it spiked nearly 19%, only to taper off faster than my enthusiasm for exercise. 🏃♂️
As for MEW, it has been playing the quiet game since buyer exhaustion led to a price correction in late 2024. This meme coin managed to rise approximately 17%, yet it still lags behind MOODENG like a tortoise in a race against a hare. 🐢
Despite MOODENG’s impressive gains, some prominent accounts have raised eyebrows, alleging unspecified foul play in this Robinhood affair. With one coin skyrocketing and the other languishing in obscurity, Robinhood’s business decision has left some traders scratching their heads in confusion. 🤔
Nothing suspicious here
Moo Deng definitely didn’t pump 300% a week before this announcement because of this
People were definitely just a fan of the hippo this week
Absolutely nothing to see here
— Cole (@ColeThereum) May 22, 2025
While MOODENG’s rise may be dramatic, there’s no concrete evidence of market manipulation on Robinhood’s part. As always, dear crypto investors, keep your wits about you and remain vigilant against potential scams lurking in the shadows. 🕵️♂️
Robinhood is basking in the glow of fresh success after the SEC wrapped up its probe in February. After all, why alienate a loyal user base when the sun is shining and the birds are singing? 🌞
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2025-05-23 10:02