Juggernaut and Frong Meme Coins Skyrocket After Robinhood Listing

The Robinhood Chain added The Juggernaut and Frong meme coins to its platform, causing their prices to skyrocket. JUGGERNAUT's price surged over 500% within an hour of listing, with a current trading price of $0.0208 and a 24-hour high of $0.0022. FRONG's price jumped by nearly 130%, reaching a new all-time high of $0.0164.

The massive demand for these meme coins led to a surge in trading volume, with JUGGERNAUT's volume increasing by over 3,000% and FRONG's by more than 1,300%. This comes as Robinhood Chain has become a popular platform for permissionless meme coins, with its DEX trading volume reaching $4.5 billion in the last 30 days.

Myriad Markets co-founder Farokh Sarmad noted that while users can search for these coins on Robinhood Asset, it's not a listing and has raised concerns among some experts.