Robinhood Lists BONK, PENGU, PNUT, XLM—And Watch Those Prices Tumble

Robinhood just opened the floodgates for four new meme coins and Stellar’s XLM—but traders aren’t impressed. Prices nosedived post-listing, proving once again that retail platforms love to serve up hype… right before the dump.

The Meme Coin Rollercoaster

BONK, PENGU, and PNUT joined XLM in Robinhood’s latest crypto expansion. The move was supposed to democratize access—instead, it turned into a classic ‘buy the rumor, sell the news’ bloodbath.

Stellar’s Unwelcome Company

XLM, the lone ‘serious’ asset in the bunch, got dragged down with its meme-coin peers. Because nothing says ‘mature market’ like a top-30 token moonwalking backward alongside cartoon-themed speculative tokens.

Robinhood giveth liquidity—and the market immediately taketh away. Maybe next time they’ll list something that doesn’t evaporate 20% before lunch.

ONDO and FLOKI Still Off-Limits for Trading

Robinhood also added ONDO and FLOKI to Robinhood Legend, but they remain view-only. Neither token can be bought or sold, and both are unavailable to New York customers, according to the platform’s crypto documentation.

Prices Drop Despite High-Profile Launch

Market data from CoinMarketCap, a popular website that tracks prices, volume, and market value of cryptocurrencies, shows all newly listed tokens ended lower on the day. 

BONK slid 8.04% to $0.00002357, PENGU fell 7.77% to $0.03260, PNUT dropped 4.95% to $0.2141, and XLM declined 4.84% to $0.3876. FLOKI lost 5,72%, while ONDO slipped 3.03% after hitting an intraday low.

The declines mirror a broader market dip, with global crypto market value down 1.62% to $3.7 trillion, even as trading volume rose 7.69% to $146.73 billion. Analysts say traders may be taking profits after recent gains, but sustained volume suggests investors are watching for a rebound.

Also Read: Robinhood’s Revenue Jumps 45% to $989M as Crypto Trading Surges