Robinhood Expands Crypto Roster With BONK, PENGU, PNUT, and XLM
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.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
