Robinhood has added Moo Deng and MEW to its cryptocurrency trading platform for U.S. customers.
Moo Deng surged 836% in May and gained an additional 21% following the listing announcement, while MEW posted 52% monthly gains with a nearly 20% spike after being included on Robinhood.
The memecoin market received a boost with Robinhood's announcement of adding two Solana-based tokens. Moo Deng and Cat in a Dogs World prices rose post-listing, indicating continued institutional interest in meme-based cryptocurrencies.
Robinhood's move to add Moo Deng and MEW signifies a focus on the growing memecoin sector, expanding its cryptocurrency offerings. Moo Deng and MEW prices have shown positive growth trends following their listings.