Moo Deng Mew Surges: The Rise of MEW Crypto After Robinhood Listing

Solana Memecoins Moo Deng and MEW Skyrocket After Robinhood Listing: A New Era for Retail Crypto Trading?

In a move that has sent shockwaves through the cryptocurrency market, Robinhood has officially listed two Solana-based memecoins—Moo Deng (MOODENG) and Cat in a Dog’s World (MEW)—triggering parabolic price surges and reigniting the debate about the role of meme assets in mainstream finance. Within hours of the announcement, MOODENG soared by 21% and MEW by nearly 20%, adding to their already staggering monthly gains of 836% and 52%, respectively. But what does this mean for the future of crypto trading, and is this rally sustainable?

The Memecoin Frenzy Goes Mainstream

Robinhood’s decision to list MOODENG and MEW marks a significant shift in the platform’s crypto strategy, expanding its offerings to over 20 digital assets. MOODENG, inspired by a viral baby pygmy hippo meme, has seen its market cap explode to $230 million this month, while MEW—a feline-themed token launched during the Solana memecoin mania of March 2024—now boasts a $368 million valuation. The timing is notable: this comes amid a more crypto-friendly regulatory environment following the U.S. election and leadership changes at key financial agencies.

The immediate market reaction was explosive. MOODENG’s price, which had already climbed 750% in May, faced resistance at $0.30 but showed signs of breaking through to new all-time highs. Meanwhile, MEW’s 17% spike post-listing demonstrated robust retail demand, with trading volumes surging 127% on Binance alone. Analysts point to Robinhood’s massive user base as a key driver, exposing these tokens to millions of retail investors who previously lacked easy access to Solana-based assets.

Behind the Numbers: A Technical and Sentiment Analysis

Technical indicators paint a mixed picture. While MOODENG’s Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show overbought conditions, the wave count suggests it may be in the third wave of a five-wave upward movement—a typically sharp phase in bullish trends. On-chain data reveals a 142% spike in MOODENG transactions within 24 hours of the listing, signaling frenetic retail activity.

Market sentiment appears tied to broader financial trends. As traditional indices like the S&P 500 dipped 0.8% on May 21, speculative capital flowed into meme coins, echoing patterns seen during past equity market pullbacks. "When stocks wobble, crypto often becomes the playground for risk-seeking money," noted one analyst, highlighting the inverse correlation between traditional market weakness and memecoin rallies.

Regulatory Winds and the Future of Meme Coins

The listings coincide with a regulatory thaw under the new administration, contrasting sharply with the SEC’s crackdowns in 2023. Robinhood’s renewed crypto push—including November’s Pepe (PEPE) listing—reflects growing confidence in the U.S. digital asset landscape. However, skeptics question whether meme coins deserve a place alongside more established cryptocurrencies, with some alleging opaque selection criteria for Robinhood’s listings.

Looking ahead, price predictions vary. Some models suggest MOODENG could see 60%+ growth by December 2025 despite expected volatility, while others warn of steep corrections if the hype cycle peaks. For now, the memecoin carnival shows no signs of stopping, with Robinhood’s retail army placing their bets on the next viral token.

Will MOODENG and MEW sustain their momentum, or is this another chapter in crypto’s recurring meme mania? Share your thoughts on our X.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.

Sources:

• CoinDesk: "Memecoin Moo Deng, MEW Surges After Robinhood Listing"

• BeInCrypto: "Robinhood Lists MOODENG and MEW, Sparking 20% Rally"

• The Cryptonomist: "3 Best Meme Coins to Buy Today as Bitcoin Reaches a New Record High"