Robinhood posted listings for Pudgy Penguins (PENGU), POPCAT, and Peanut the Squirrel (PNUT). The precise parameters of the itemizing stay unsure because the platform makes its subsequent massive growth into meme tokens.
Robinhood listed Pudgy Penguins (PENGU), POPCAT, and Peanut the Squirrel (PNUT). The brokerage service posted a hyperlink to a PNUT web page, which was quickly inactive. Later, Robinhood confirmed the listings with an official message on X. Pengu additionally confirmed the itemizing, which might add to its mainstream outreach.
PENGU ($PENGU), PNUT ($PNUT), and POPCAT ($POPCAT) at the moment are accessible to commerce on Robinhood.
GM. pic.twitter.com/Pl4rpXHSnE
— Robinhood (@RobinhoodApp) March 13, 2025
The Robinhood account on X posted an replace after the rumors of the brand new itemizing unfold. The newest addition to the Robinhood app was Arbitrum (ARB), listed on March 5. The inventory buying and selling app has been cautious in including new crypto property however lately tried to interact crypto merchants with further social media posts.
Robinhood has been instrumental within the earlier waves of crypto adoption. The app was comparatively late so as to add Dogecoin (DOGE), however quickly added a number of blue chip memes.
Pudgy Penguins is presently on the checklist of accessible property on Robinhood, however PNUT and POPCAT have been thought of potential candidates.
Robinhood has already taken up PEPE, BONK, WIF, and SHIB, which emerged as probably the most liquid meme property. The brand new additions, if they’re finalized, would add barely much less liquid tokens. Whereas PENGU has excessive visibility and a blue chip standing, POPCAT and PNUT could also be extra risky and depend upon smaller communities.
The Robinhood recognized pockets doesn’t comprise any further deposits of the newly listed tokens. If the listings occur, this may occasionally carry new liquidity to the slumping meme area. Robinhood’s listings typically lag behind crypto tendencies however typically revive buying and selling by bringing new retail inflows.
POPCAT, PENGU, PNUT all commerce close to lows
All three property that could be added to Robinhood are buying and selling close to their decrease vary.
POPCAT misplaced a few of its used base previously three months, with 76% of whale wallets abandoning the meme. POPCAT possession has consolidated previously month, probably hoping for a brand new meme cycle. POPCAT is a community-based token with some traits of a cult. Regardless of this, POPCAT was actively traded for short-term earnings.
PENGU additionally misplaced greater than 30% of its holders previously month and much more previously three months. Regardless of the preliminary cult standing linked to the Pudgy Penguins group, PENGU couldn’t compete with hotter memes and Pump.enjoyable tokens. Regardless of this, PENGU stays liquid and should make a comeback. Pudgy Penguins are already recognized for his or her bodily collections, and a Robinhood itemizing would add to the mainstream consideration.
Peanut the Squirrel (PNUT) was a short-term success round November 2024, using on the hype of the US elections. PNUT trades close to its decrease vary at $0.16, nonetheless benefitting from listings on Binance and different centralized exchanges.
PNUT is taken into account riskier as a result of it served as a short-term meme token. The token misplaced over 90% of its worth throughout probably the most energetic a part of the bull market and is the riskiest new itemizing on Robinhood. The asset was additionally thought of a token linked to the US election narrative, and it should discover new help or threat low exercise.
Memes stay able to fast comebacks, particularly if there’s a purpose for targeted consideration. Whale merchants and good cash nonetheless wait on the sidelines because the meme market returns to ranges earlier than November 2024.
Robinhood lists memes throughout a market hunch
The brand new Robinhood itemizing would have been thought of bullish. At this stage of the market, curiosity in memes and altcoins is extraordinarily low. Bitcoin (BTC) can also be struggling to retain its place above $80,000.
The itemizing announcement hardly brought on a market response, with all three property rising lower than 20%. That is an especially small rally for meme tokens, reflecting the general pessimistic market sentiment.
Nevertheless, the Robinhood itemizing can also be thought of a probably optimistic signal, betting on a market restoration and renewed consideration for well-established, liquid memes. POPCAT additionally retains its Coinbase itemizing, with lately added help on Solana.
