Robinhood Adds XLM, BONK, PENGU, PNUT as Prices Fall 3%-6.8%

Robinhood has expanded its advanced trading platform, Robinhood Legend, with the addition of four new cryptocurrencies: XLM, BONK, PENGU, and PNUT. The listing, announced via the platform’s verified X account, marks another step in Robinhood’s strategy to broaden its crypto offerings, especially in the wake of strong second-quarter financial results. These tokens are now available for immediate trading by eligible U.S. users, though access is subject to state-specific regulatory restrictions [2].

The newly added tokens represent a mix of traditional and emerging projects. XLM, a well-established token under the Stellar network, is widely used for cross-border payments. BONK and PENGU are meme coins that have gained popularity through online communities, while PNUT offers decentralized finance (DeFi) functionalities. Alongside these, ONDO and FLOKI are currently viewable but not tradable on the platform, with FLOKI and ONDO also unavailable to New York-based users due to regulatory constraints [2].

Despite the new listings, the market response has been subdued. CoinMarketCap data shows that all four newly listed tokens are trading lower. BONK dropped 6.8% to $0.00002430, PENGU declined 3.08% to $0.03347, PNUT fell 4.77% to $0.2163, and XLM, the largest of the four by market cap, dipped 4.33% to $0.3952. This weak performance is attributed to profit-taking and ongoing macroeconomic pressures, which have dampened bullish momentum typically associated with new listings [1].

The broader cryptocurrency market has also seen a downturn, with the total market capitalization declining by 1.62% to $3.7 trillion. However, daily trading volume increased by 7.69% to $146.73 billion, indicating heightened trading activity despite the bearish trend [1]. This suggests that while retail investors remain active, caution and selling pressure dominate the market sentiment.

Robinhood’s decision to list these tokens reflects a broader industry trend of platforms catering to retail demand for meme coins and niche assets. The recent regulatory clarity from the U.S. Securities and Exchange Commission (SEC) on meme coins—many of which are not classified as securities—has also made it easier for platforms to onboard these tokens without additional compliance hurdles [2].

The platform has previously faced regulatory scrutiny, including increased oversight in the EU following the introduction of tokenized stock offerings. Yet, the latest expansion indicates Robinhood’s commitment to growing its presence in the evolving digital asset landscape, particularly among U.S. retail investors. The inclusion of these tokens was communicated through the company’s official social media accounts, underscoring the significance of public announcements in shaping market perceptions [2].

While no formal price forecasts were provided by Robinhood, a separate article on BONK mentioned the potential for upward momentum following a major token burn, though this remains speculative and not part of Robinhood’s official guidance [5].

Source:

[1] Robinhood Lists XLM and 3 Meme Coins On its Trading ... (https://coingape.com/robinhood-lists-xlm-and-3-meme-coins-on-its-trading-platform/)

[2] Robinhood adds BONK, PENGU, PNUT and XLM to ... (https://tradersunion.com/news/brokers-news/show/419238-robinhood-adds-bonk-pengu/)

[3] Robinhood Lists XLM, BONK, PENGU, and PNUT On its ... (https://cryptonews.net/news/market/31383460/)

[4] Robinhood Adds BONK, PENGU, PNUT, XLM, Prices Fall ... (https://www.cryptotimes.io/2025/08/06/robinhood-adds-bonk-pengu-pnut-xlm-prices-fall-after-listing/)

[5] Bonk Price Prediction - Can This Solana Meme Coin ... (https://en.cryptonomist.ch/2025/08/06/bonk-price-prediction-can-this-solana-meme-coin-rebound-after-a-massive-token-burn/)