Robinhood posted listings for Pudgy Penguins (PENGU), POPCAT, and Peanut the Squirrel (PNUT). The exact parameters of the listing remain uncertain as the platform makes its next big expansion into meme tokens.
Robinhood listed Pudgy Penguins (PENGU), POPCAT, and Peanut the Squirrel (PNUT). The brokerage service posted a link to a PNUT page, which was temporarily inactive. Later, Robinhood confirmed the listings with an official message on X. Pengu also confirmed the listing, which would add to its mainstream outreach.
PENGU ($PENGU), PNUT ($PNUT), and POPCAT ($POPCAT) are now available to trade on Robinhood.
The Robinhood account on X posted an update after the rumors of the new listing spread. The most recent addition to the Robinhood app was Arbitrum (ARB), listed on March 5. The stock trading app has been cautious in adding new crypto assets but recently tried to engage crypto traders with additional social media posts.
Robinhood has been instrumental in the previous waves of crypto adoption. The app was relatively late to add Dogecoin (DOGE), but soon added several blue chip memes.
Pudgy Penguins is currently on the list of available assets on Robinhood, but PNUT and POPCAT were considered potential candidates.
Robinhood has already taken up PEPE, BONK, WIF, and SHIB, which emerged as the most liquid meme assets. The new additions, if they are finalized, would add slightly less liquid tokens. While PENGU has high visibility and a blue chip status, POPCAT and PNUT may be more volatile and depend on smaller communities.
The Robinhood known wallet does not contain any additional deposits of the newly listed tokens. If the listings happen, this may bring new liquidity to the slumping meme space. Robinhood’s listings often lag behind crypto trends but sometimes revive trading by bringing new retail inflows.
POPCAT, PENGU, PNUT all trade near lows
All three assets that may be added to Robinhood are trading near their lower range.
POPCAT lost some of its used base in the past three months, with 76% of whale wallets abandoning the meme. POPCAT ownership has consolidated in the past month, potentially hoping for a new meme cycle. POPCAT is a community-based token with some characteristics of a cult. Despite this, POPCAT was actively traded for short-term profits.
PENGU also lost more than 30% of its holders in the past month and even more in the past three months. Despite the initial cult status linked to the Pudgy Penguins community, PENGU could not compete with hotter memes and Pump.fun tokens. Despite this, PENGU remains liquid and may make a comeback. Pudgy Penguins are already known for their physical collections, and a Robinhood listing would add to the mainstream attention.
Peanut the Squirrel (PNUT) was a short-term success around November 2024, riding on the hype of the US elections. PNUT trades near its lower range at $0.16, still benefitting from listings on Binance and other centralized exchanges.
PNUT is considered riskier because it served as a short-term meme token. The token lost over 90% of its value during the most active part of the bull market and is the riskiest new listing on Robinhood. The asset was also considered a token linked to the US election narrative, and it will have to find new support or risk low activity.
Memes remain capable of rapid comebacks, especially if there is a reason for focused attention. Whale traders and smart money still wait on the sidelines as the meme market returns to levels before November 2024.
Robinhood lists memes during a market slump
The new Robinhood listing would have been considered bullish. At this stage of the market, interest in memes and altcoins is extremely low. Bitcoin (BTC) is also struggling to retain its position above $80,000.
The listing announcement hardly caused a market reaction, with all three assets rising less than 20%. This is an extremely small rally for meme tokens, reflecting the overall pessimistic market sentiment.
However, the Robinhood listing is also considered a potentially positive sign, betting on a market recovery and renewed attention for well-established, liquid memes. POPCAT also retains its Coinbase listing, with recently added support on Solana.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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By Nermeen Nabil Khear 