Robinhood has rolled out four new tokens—BONK, PENGU, PNUT, and XLM—on its advanced trading platform, Robinhood Legend, as part of its broader push into the crypto space.
While the move comes on the heels of strong Q2 earnings, the market hasn’t responded with much enthusiasm.
Meme coins BONK and PENGU, DeFi-focused PNUT, and cross-border payments asset XLM are now available for trading, though local regulations may limit access by state. Meanwhile, ONDO and FLOKI were also added—but only in view-only mode and not tradable, especially for New York-based users.
Despite the expanded listings, none of the new tokens saw price bumps. BONK plunged nearly 7%, PNUT fell 4.77%, PENGU dropped 3%, and XLM slipped over 4%. FLOKI and ONDO also dipped even further, with FLOKI falling more than 6% and ONDO dropping 3.6%.
Analysts suggest that the lack of price movement reflects a broader crypto fatigue after months of intense memecoin speculation. Many of the newly listed tokens had already experienced major rallies earlier this year, prompting investors to take profits rather than chase fresh upside.
Still, the fact that Robinhood continues to add niche assets to its platform hints at rising retail interest and growing competition among exchanges to list trending tokens. With crypto volumes climbing and a new bull cycle possibly brewing, traders may be watching these tokens for a potential second wave—especially if sentiment shifts in the weeks ahead.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/robinhood-expands-crypto-roster-with-bonk-pengu-pnut-and-xlm/