🚀 Robinhood adds BONK, PENGU, PNUT, and XLM to its platform... but prices are dropping 📉

1️⃣ New expansion in cryptocurrency offerings:

Robinhood announced the listing of four new cryptocurrencies on its advanced platform Robinhood Legend, which are:

🔹 BONK

🔹 PENGU

🔹 PNUT

🔹 XLM (Stellar)

📌 While FLOKI and ONDO were only added in view-only mode and cannot be traded yet.

2️⃣ Access may vary by region:

Robinhood confirmed that the availability of these currencies may vary by U.S. state due to local laws, and FLOKI and ONDO are not available in New York, for example.

3️⃣ Collective price drop despite the listing:

According to CoinMarketCap data, the four newly listed cryptocurrencies are experiencing a sharp decline in prices:

🔻 BONK: -6.8%

🔻 PENGU: -3.08%

🔻 PNUT: -4.77%

🔻 XLM: -4.33%

🧾 FLOKI and ONDO also dropped despite the increase in trading volume:

🔻 FLOKI: -6.73%

🔻 ONDO: -3.64%

4️⃣ General market analysis:

📉 The market capitalization of cryptocurrencies decreased by 1.62% to $3.7 trillion.

📈 In contrast, daily trading volume increased by 7.69% to $146.73 billion, indicating high speculative activity.

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💡 Important Note:

This news is not investment advice. Do your own research before making any financial decisions.