The post Robinhood Listing Fuels 20% Surge in MOODENG and MEW appeared on BitcoinEthereumNews.com.

As Robinhood quietly activated two new Solana memecoins: MOODENG and MEW few would have suspected the fireworks that followed. Social media feeds burst within minutes. Traders clamored to get in, and prices for the two tokens increased by nearly 20% within hours. For many, it was déjà vu all over again from the initial days of the meme coin craze. The Background Story of the Tokens MOODENG is not just another animal coin. Its mascot, a perpetually confused-looking baby pygmy hippo, has become a viral sensation on crypto Twitter and TikTok. The community, known as “The Herd,” has been quite determined with their meme campaign, catapulting MOODENG from unknown to $230 million market cap in a few weeks. Robinhood listing was the spark that ignited a powder keg of retail pent-up demand, and the stock rose 21% in a day. MEW, meanwhile, has a devoted cult following. Hailed as “the cat that outsmarted the dog coins,” MEW’s clever branding and tongue-in-cheek mythos were a hit with day traders hungry for the next new thing. After its strong May, the Robinhood news propelled MEW another 19% higher, with Discord servers and Telegram channels in an uproar speculating as to where the coin would go next. The Surge Unfolds As listings news emerged, order books on large exchanges burst into life. Whale wallets swooped in, making six-figure buys on Coinbase Pro and OKX. On-chain metrics saw the number of new wallets with MOODENG and MEW within spike, suggesting a fresh batch of retail buyers. Activity on both coins tripled overnight, and social media reach reached all-time highs since launch. It wasn’t only retail traders piling in. Derivatives indicators revealed a focused blast of leveraged bets on further upside, with open interest in MEW futures at an all-time high. The tension was in…

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Filed under: News - @ May 24, 2025 6:25 pm