TLDR
- MOODENG and MEW trading volume surged over 30% in 24 hours.
- MOODENG previously saw an 836% price increase in May.
- Memecoins often rally after listings on major exchanges.
Robinhood has announced the listing of two Solana-based memecoins, MOODENG and MEW, on its Legend platform. This development took place on September 16, 2025, as confirmed by a tweet from Robinhood’s official Twitter account.
Both MOODENG and MEW saw immediate enthusiasm from traders, with significant increases in trading volume and activity on the Solana blockchain. The move is part of Robinhood’s strategy to broaden its selection of altcoins, appealing to retail investors seeking exposure to popular memecoins.
Sharp Price Increases Highlight Market Activity
Following the listing announcement, MOODENG and MEW experienced dramatic price surges. The tokens saw their trading volume increase by over 30% within a 24-hour period, despite the broader crypto market trend. The price increase of MOODENG was in line with its previous spikes, with an 836% increase reported in May.
On-chain data also indicates heightened liquidity inflows and stakes, suggesting strong market engagement. However, specific numbers for total value locked on the Solana network remain uncited, as the precise figures weren’t available in the primary source data.
Meme Coin Trends Continue
The listing of MOODENG and MEW is part of a broader trend where exchange listings catalyze initial price rallies. Memecoins like PEPE and Dogecoin have seen similar market movements following their debuts on platforms like Robinhood, often followed by a period of stabilization or correction.
Solana-based tokens have benefited from such trends, with coins like WIF and MOG experiencing notable rallies after being introduced to major exchanges. As a part of this ecosystem, Solana Automatic Market Makers (AMMs) and decentralized exchanges (DEXs) may capitalize on the increased speculative interest and liquidity flows.
Impact on Broader Crypto Market
The price surge of MOODENG and MEW indirectly affects major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). BTC fell below $95,000 around this time, while ETH struggled to maintain levels above $3,000. Despite these price movements, MOODENG and MEW continue to drive significant engagement within their retail market niche.
As the underlying chain for both tokens, Solana has been a primary beneficiary in terms of liquidity and trading activity. It is notable that sector rotations have contributed to the momentum, resulting in shifts in trading volume among retail investors.
Developer and Community Reactions
Remarkably, both MOODENG and MEW show strong market adoption despite the absence of direct public comments from the founding teams. The tokens’ developer engagement is primarily captured through on-chain activities and market responses.
On forums and social media, the sentiment index has shown a generally positive outlook for memecoin rallies post-Robinhood listings, as noted by CFGI.io. However, GitHub activity and open-source updates for these tokens have not been highlighted in recent data.
Regulatory and Institutional Insight
No specific actions or statements have emerged from major regulatory bodies like the SEC or CFTC in response to Robinhood’s recent listings. The overall regulatory environment for cryptocurrencies reportedly became more flexible following the 2024 U.S. election, but there has been no official confirmation regarding these listings.
Institutional involvement remains limited, with no news of venture capital investments or formal grants for MOODENG and MEW. This suggests these memecoins primarily garner attention from retail sectors instead of institutional fields.
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