Moo Deng (MOODENG) and cat in a canine world (MEW) surged 62% and 41% respectively Thursday after Robinhood Markets added each meme cash to its buying and selling platform. The listings mark a strategic enlargement for the brokerage into area of interest crypto belongings, capitalizing on renewed retail investor curiosity.
CoinGecko knowledge exhibits Moo Deng’s buying and selling quantity spiked to $712 million previously 24 hours, with its worth reaching $0.2744 at press time. The token has gained 287% since Might 1, outperforming main cryptocurrencies like Bitcoin’s 12% month-to-month acquire. In the meantime, MEW’s market cap crossed $450 million regardless of being lower than three months previous.
Analysts attribute the rally to Robinhood’s rising affect in crypto markets, with the platform now supporting over 50 digital belongings. Robinhood’s crypto division has onboarded 1.2 million new customers in Q1 2025 alone, in accordance with current earnings studies.
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Moo Deng’s Meteoric Rise
The bovine-themed token’s 24-hour worth chart exhibits three distinct volatility spikes coinciding with Robinhood’s itemizing announcement. Derivatives knowledge from Coinglass reveals open curiosity surged 89% to $18.7 million, suggesting heavy futures buying and selling exercise.
Key metrics for Moo Deng:
- Circulating provide: 69 billion MOODENG
- All-time excessive: $0.2981 (Might 22, 2025)
- Holders: 84,721 pockets addresses
MEW’s Group-Pushed Development
The feline-themed rival to Dogecoin has leveraged viral social media campaigns, together with a TikTok problem that generated 2.1 million video creations. Blockchain evaluation exhibits 61% of MEW’s provide is held in wallets containing lower than $1,000 price of tokens.
Notable MEW worth ranges:
| Assist | Resistance |
|---|---|
| $0.0032 | $0.0045 |
| $0.0028 | $0.0051 |
Robinhood’s Crypto Technique
The brokerage now gives 24/7 crypto buying and selling with zero fee charges, although spreads common 1.2% for meme cash. Robinhood’s crypto custody arm holds $12.4 billion in digital belongings beneath safety, in accordance with their newest safety audit.
Current platform additions:
- Arbitrum (ARB) – Might 15
- Peanut the Squirrel – Might 18
- Moo Deng/MEW – Might 22
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The listings underscore meme cash’ rising legitimacy in conventional finance circles. With Robinhood planning so as to add 15-20 new crypto belongings in 2025, analysts predict elevated volatility as retail merchants acquire simpler entry to speculative tokens. Nevertheless, regulators proceed monitoring these developments, with the SEC just lately increasing its crypto enforcement division by 20%.