Robinhood has added two Solana-based memecoins, Moo Deng and cat in a canine’s world , to its suite of cryptocurrencies out there to commerce for U.S. clients.
Moo Deng, which is predicated on a child pygmy hippo, has risen to a $230 million market cap this month after the meme went viral on-line in 2024. The token skyrocketed over 836% in Could and jumped one other 21% over the previous 24 hours.
Cat in a canine’s world, however, is a token primarily based on cats, which launched in March 2024 as a part of a Solana meme coin frenzy. The token stands at a $368 million market cap after its value rose 52% in Could. It’s up practically 20% over the previous 24 hours.
The most recent inclusions add to Robinhood’s checklist of meme cash, and the regulatory panorama is turning into way more versatile after the nomination of a number of pro-crypto authorities leaders and President Donald Trump’s U.S. election win final yr.
In November, Robinhood added the buying and selling of Pepe coin
, one other fashionable meme coin. The buying and selling app at present presents over 20 cryptocurrencies after beforehand ending assist for a number of tokens in 2023 amid a crackdown on crypto by the previous Securities and Change Fee Chair, Gary Gensler.