Memecoins Moo Deng and MEW have seen significant price increases following their recent addition to Robinhood's cryptocurrency offerings. Moo Deng, which draws inspiration from a baby pygmy hippo meme, boasts a market cap of $230 million after soaring 836% in May, including a 21% jump in the last 24 hours. MEW, introduced during a Solana meme coin frenzy, has reached a market cap of $368 million with a 52% increase this month and nearly a 20% rise recently. The listing highlights Robinhood's growing suite of meme coins, adding to previous inclusions like Pepe coin. This rise in the popularity of memecoins comes as the regulatory environment becomes more supportive of cryptocurrencies, especially following key political changes in the U.S. government.

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