Dogwifhat (WIF) experienced an increase in value on Monday due to Robinhood’s announcement that the popular Solana meme coin is now available for trading on their platform in the United States. WIF, which surged from essentially zero value last year to a market capitalization over $3.28 billion, has been a major success story in the meme coin world.
The token joins 19 other crypto tokens available for trading on Robinhood Crypto, including Dogecoin, the largest meme coin by market cap. Following the announcement, WIF’s value increased by over 7% in seconds, reaching $3.47. It has since settled back down to $3.35, but remains up 7% over the past 24 hours.
Over the last two years, Robinhood has been cautious about the crypto assets it allows its users to trade, but with the U.S. Securities and Exchange Commission ramping up lawsuits against middlemen offering crypto trading, Robinhood significantly reduced its crypto offerings. However, the recent addition of WIF and other meme coins suggests a shift to a more liberal approach to crypto listings.
The sudden change may be related to the recent re-election of Donald Trump, which is expected to bring more lax regulations for the industry. More meme coins may soon join WIF on Robinhood.
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<p>The post Title: Dogwifhat (WIF) Soars on Robinhood Listing, Embracing Meme Coin Trend first appeared on CoinBuzzFeed.</p>
