Key facts
- Robinhood added JUGGERNAUT and FRONG meme coins to its platform.
- JUGGERNAUT price surged over 500% within an hour of the announcement.
- FRONG price jumped nearly 130% following the listing news.
- Robinhood Chain's DEX trading volume reached $4.5 billion in the last 30 days.
- Tokenized assets on Robinhood Chain hit $166.5 million in total value.
Robinhood Chain has seen a surge in activity following the addition of JUGGERNAUT and FRONG meme coins to its platform's asset tracking capabilities. JUGGERNAUT experienced a dramatic price increase of over 500% within an hour of the announcement, and FRONG saw a jump of nearly 130%. These listings have contributed to a significant rise in trading volume on the Robinhood Chain's decentralized exchange (DEX), which has generated $4.5 billion in the past 30 days. While the tokens are currently available for price tracking, with potential for future spot listings, many users are concerned about the influx of buyers for assets not yet available for direct trading on Robinhood Crypto. Myriad Markets co-founder Farokh Sarmad noted that these are currently asset pages on Robinhood, not full listings for trading. JUGGERNAUT is currently trading 380% higher, with its 24-hour trading volume increasing by over 3,000%. FRONG, after paring some gains, is trading around $0.0106, having hit an all-time high of $0.0164 post-listing, with its trading volume up over 1,300% in 24 hours. The total value of tokenized assets on Robinhood Chain has reached $166.5 million, and the increased demand recently caused an outage on the network.