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Three animal meme coins pop as they join Robinhood’s crypto menagerie

Robinhood added three new cryptocurrencies to its trading platform this morning: pengu, pnut, and popcat. All three are up on the news today.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company.)

Pengu, the official coin of the NFT collection Pudgy Penguins, has a market cap of $390 million. The NFT collection was launched in July 2021 and the coin followed in December 2024.

The cat-based meme coin popcat has a market cap of $173 million and was launched in December 2023 on the solana blockchain.

The penguins and cats are joined by a meme coin whose mascot is “Peanut the Squirrel,” aka pnut, also on the solana blockchain. It was launched in October 2024 after the passing of the real-life Peanut. The coin has a market cap of roughly $175 million.

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$15B

The US government seized 127,271 bitcoin, worth $15 billion, in what it calls the Department of Justice’s “largest ever forfeiture action.”

The indictment against Chen Zhi, chairman of Cambodian conglomerate Prince Group, alleges that he engaged in wire fraud conspiracy using forced labor in Cambodia.

“Individuals held against their will in the compounds engaged in cryptocurrency investment fraud schemes, known as ‘pig butchering’ scams, that stole billions of dollars from victims in the United States and around the world. The defendant is at large,” according to a DOJ press release.

This is “exactly the kind of outcome the Strategic Bitcoin Reserve was designed to enable,” Zack Shapiro, managing partner at Rains Law and head of policy of the Bitcoin Policy Institute, said on X.

This significantly increases the size of the US’s strategic reserve, which held over 197,000 bitcoin before the seizure. As of today, Arkham Intelligence data shows it’s holding 324,780 bitcoin, worth over $37 billion.

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