MOODENG (Moo Deng) and MEW (Cat in a Dog's World), two Solana-based meme coins, surged more than 30% following their listing on Robinhood on May 22, 2025. The listing marked them as the 11th and 12th meme coins featured on the popular retail trading platform. MOODENG experienced a rapid 37% spike immediately after the announcement, while MEW also rose approximately 26% in the following 48 hours.
Earlier in May, MOODENG had already shown remarkable growth, rallying over 700% since early May despite a severe earlier downturn. The recent rally formed a bullish rising triangle technical pattern, suggesting potential for further upward price movement to around $0.50, which would represent an additional 44% gain. Indicators such as Chaikin Money Flow and Relative Strength Index showed strong demand and capital inflows backing the uptrend.
MEW also re-entered a positive trend by reclaiming its 200-day exponential moving average and flipping previous resistance at $0.0035 into support. This sets MEW up to potentially reach the upper price range between $0.0035 and $0.0060, offering around 32% upside. However, MEW's rally carried a higher risk of retracement if spot market demand remains muted, as its gains were partly fueled by leveraged speculative trading shown by sharp spikes in open interest.
Some social media commentators raised concerns about potential market manipulation related to MOODENG's rapid price increases and MEW's relative obscurity before the listing. Despite this, no concrete evidence of manipulation linked to Robinhood has emerged. Robinhood’s crypto division continues to expand after regulatory scrutiny ended in February 2025, likely motivating the platform to list new meme tokens and capture retail interest.
Overall, MOODENG and MEW became top daily gainers within the Solana ecosystem on the news, revitalizing interest in these meme coins. Traders should watch for key technical support levels, as invalidation could trigger sharp pullbacks following the leveraged rally phase.