Robinhood Legend has launched BONK, PENGU, PNUT, and XLM trading, ONDO and FLOKI can only be viewed, and new coins are experiencing a general fall after being listed.

The American compliance trading platform Robinhood's Robinhood Legend has today added trading services for four Crypto Assets: BONK, PENGU, PNUT, and XLM, while the Meme coins ONDO and FLOKI are only available for viewing. Despite the favourable information from the listing on the Robinhood exchange, the newly listed coins generally fell today, showing no signs of a short-term rebound. Robinhood's crypto expansion strategy continues, and users need to pay attention to the differences in trading restrictions across states.

1. Robinhood expands its crypto asset landscape, adding four new coins for trading The leading online trading platform in the United States, Robinhood, recently announced a strong second quarter financial report, with its positive encryption expansion strategy continuing. The platform's official certified account announced that it has added four tokens: BONK, PENGU, PNUT, and XLM to its premium trading platform, Robinhood Legend. Eligible users in the U.S. (with varying state restrictions) can now trade immediately.

2. Meme coins and utility coins debut together, ONDO and FLOKI are temporarily not available for trading Among the coins that are now listed, BONK and PENGU are Meme Coins that have recently gained significant popularity in the crypto community. PNUT focuses on providing decentralized finance (DeFi) functionalities. XLM, as the native token of the Stellar network, is primarily used in cross-border payment scenarios. At the same time, Robinhood US has also listed market information for ONDO and FLOKI, but according to their official crypto assets availability document, ONDO and FLOKI are currently only available for view-only on Robinhood Legend and do not support buying or selling transactions. Additionally, users in New York State cannot view these two coins.

3. The market for newly listed coins has generally fallen, and the pressure of short-term selling due to favourable information has emerged According to CoinMarketCap market data, today the prices of the four tokens that have newly launched trading features on Robinhood Legend have all fallen, without a short-term rally stimulated by favourable information from the exchange.

• BONK price falls 6.8%: It has fallen by 6.8% in the last 24 hours, now at $0.00002430. Analysis suggests that BONK holders may be choosing to take profits after significant gains earlier this year following the listing news on the exchange.
• PENGU falls by 3.08%: The trading price is $0.03347, and its 24-hour trading volume has decreased by 28%.
• PNUT fell slightly by 4.77%: Despite a slight increase in on-chain trading activity, the price still dropped to $0.2163.
• XLM falls 4.33%: As the largest mainstream coin among the four new coins by market capitalization, XLM also followed the market down, reporting $0.3952.

4. Only the coin type sync downward can be viewed, the crypto market is under overall pressure It is worth noting that the prices of ONDO and FLOKI tokens, which are only listed on the View-Only list, have also not escaped the fall today.

• FLOKI falls 6.73%: reported at $0.0001037, despite an increase in trading volume, the price continues to decline and falls below the key intraday support level.
• ONDO Rebound 3.64%: Reported at $0.9159, it once touched a low of $0.8877 during the day, and then slightly rebounded. The moderate increase in trading volume indicates active interest in the market, but short-term selling pressure remains dominant.

Conclusion: Robinhood continues to expand its Crypto Assets landscape by including Meme coins BONK, PENGU, DeFi coin PNUT, and cross-border payment token XLM in the Robinhood Legend tradable list, while setting ONDO and FLOKI to view-only status. However, the listing of new coins did not immediately bring about the anticipated Short-Term Rally, with all newly involved coins generally falling today, reflecting a strong Selling Pressure in the market. The overall market capitalization of the crypto market also showed a 1.62% correction, but trading volume has increased. Investors need to closely monitor subsequent market dynamics and updates to Robinhood platform policies.