May 23, 2025 – Investment app Robinhood has listed two new Memecoins – Moo Deng (MOODENG) and Cat in a Dog’s World (MEW) – on its platform. After this, the prices of both these coins rose by about 30% in a single day. MOODENG had already risen by 700% in the last 15 days, and MEW has gained 52% so far in May. It is clear that Robinhood’s influence in the crypto market has increased significantly.
Why are Moo Deng and MEW special?
- Moo Deng is a Memecoin inspired by a viral video of a cute baby hippo. Its price is now $0.32 and its trading (trading volume) has increased very rapidly.
- MEW is a cat-based memecoin, which was launched on the Solana blockchain in 2024. Its price and trading have also increased tremendously.
Robinhood’s memecoin move
Robinhood has already shown interest in cryptocurrencies. In 2018, it started with big coins like Bitcoin and Ethereum. But now it is moving towards small and fun memecoins, which are becoming very popular on social media.
In 2024 and 2025, Robinhood listed several memecoins like PEPE, Pengu, Popcat and PNUT. Some of these made good money, while some did not do much.
Why is Robinhood listing memecoin?
Robinhood mostly works keeping young investors in mind. These youth are connected to social media and they like such memecoins very much. Robinhood’s app is easy to use and there are no trading fees, making it a good option for new investors.
Robinhood is listing more crypto coins as the environment in the US has become a little better for crypto.
The dark side of Memecoin
Memecoins are fun, but they also carry a lot of risk. Some websites also create bad and inflammatory Memecoins, which can be harmful. There have also been some concerns related to Robinhood’s listing – such as some people are saying that there may be market manipulation. But so far no concrete evidence has been found for this.
What happens next?
After the success of MOODENG and MEW, people are now looking at other Memecoins like Bitcoin Pepe (BPEP). Robinhood may list Memecoin as well. But it is important to keep in mind that such coins can go very high in a day or two, and can also fall quickly.
Conclusion
Robinhood is now adding more investors through Memecoin. But Memecoin is highly volatile, so make an informed decision before investing. For now, Moo Deng and MEW are dominating the market — but time will tell if this rally will last or is just a matter of time.
