Popular crypto and stock trading platform, Robinhood has announced listing of three new meme coins – POPCAT, PENGU and PNUT amid overall downtrend within the crypto market. Following the listing, these tokens’ price pumped as high as 15% within hours.
Robinhood posted on X handle that POPCAT, PNUT and PENGU are now available to trade on its trading platform. The listing has received mixed reactions from the crypto community with some commenting that they have dropped standards for listing criteria while some arguing over the timing.
PENGU token was launched by Pudgy Penguins team, a popular NFT collection, which has a strong cultural presence in crypto. It has been featured in major ETF commercials and it has been viewed by more than 50 billion users.
POPCAT and PNUT, on the other hand, are typical meme coins. They have seen significant trading volume increases on platforms like Bybit and Raydium, which reflects heightened market activity and fits for listing on Robinhood.
At the time of writing, POPCAT is trading at $0.1788 – up 15% in the past 24 hours while it pumped as high as $0.1929, pumping 23% in hours. PENGU and PNUT also pumped to the decent gains of 5% as the listing news hits the market.
While meme coins are now witnessing a cooled-down sentiment, Robinhood’s listing of these three meme coins has sparked excitement within the community.Â
Also Read: Cardano Price at War as ADA ETF Drama Unfolds: Crypto Analyst
