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It was expected from Robinhood: Listed 3 Meme Coins, Prices Suddenly Soared! - Coin Bulletin
US-based major trading platform Robinhood has announced that it will join the meme coin frenzy by listing Pudgy Penguins (PENGU), Popcat (POPCAT), and Peanut the Squirrel (PNUT) tokens.
Robinhood, which has accelerated cryptocurrency listings in recent months, is now preparing to introduce popular m**eme coins that reach wide audiences, especially on social media, to investors. The three new meme coin moves announced by the platform are interpreted as one of the steps taken by Robinhood to further increase its popularity in the cryptocurrency field.
After Robinhood’s listing decision, there was a rapid increase in the price of Popcat (POPCAT). Prior to the listing news, POPCAT, trading at 0.**165 dollars, rose to 0.1956 dollars, an increase of 17 percent. Similarly, Pudgy Penguins (PENGU) responded positively to the news, gaining 21 percent in value and rising from 0.00601 dollars to 0.00723 dollars.
Robinhood’s interest in meme coins started with its listing of Donald Trump-themed meme coins in recent months. The company seems to prefer projects that receive high engagement on social media and are in the radar of young investors, in addition to traditional large market cap cryptocurrencies. In this way, Robinhood aims to attract the especially the new generation of investors and increase its trading volume.
The listing of projects like Popcat, Pudgy Penguins, and Peanut the Squirrel on platforms with a broad user base like Robinhood could start a new trend in the meme coin market.