- Robinhood lists XLM, BONK, PENGU, PNUT on August 6, 2025.
- Immediate token price drops were observed.
- Overall crypto market impacted by increased volatility.
Robinhood Markets, Inc. listed XLM, BONK, PENGU, and PNUT on its advanced trading platform Robinhood Legend, expanding access for U.S. users on August 6, 2025.
The listing led to price declines amid high trading volumes, reflecting market fatigue similar to reactions seen in previous major exchange additions.
Robinhood Markets, Inc. has listed XLM, BONK, PENGU, and PNUT on its advanced trading platform, Robinhood Legend. The announcement was made on August 6, 2025, and gives eligible U.S. users access to trade these assets.
The listing included both Stellar’s XLM and prominent meme coins BONK and PENGU. Moreover, PNUT, a DeFi-oriented token, was part of the offering. Trading access was opened exclusively to eligible users in the U.S.
Prices of all newly listed tokens declined on the launch day, reflecting broader market fatigue. Elevated market volumes were observed, contributing to price volatility. This trend appeared consistent with similar major listing events. Crypto Times article on Robinhood’s listings
The wider cryptocurrency market saw declines, with ETH and BTC also experiencing volatility. Despite increased trading volumes, overall market values decreased slightly, reflecting potential profit-taking behaviors by market participants.
Robinhood has not released any comments from project founders or major key opinion leaders regarding the listings. However, the crypto market’s reaction underscores the influence new exchange listings wield on asset liquidity and investor sentiment.
Experts predict that the newly listed assets may experience short-term price spikes, followed by stabilization. Historical listing patterns indicate a trend of initial sell-offs after major announcements, affecting both the listed tokens and related altcoins. AINVEST’s mixed market reaction report
“BONK, PENGU, PNUT, and XLM are now available for advanced trading on Robinhood Legend. ONDO and FLOKI added as view-only. Eligible U.S. customers can access these assets effective today.”
– Vlad Tenev, Co-Founder and CEO, Robinhood
