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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Justin Sun sues Trump-backed World Liberty over frozen tokens

Crypto billionaire Justin Sun, owner of the world’s most expensive banana, was named an adviser to World Liberty Financial the day after investing $30 million in the project. (He’d later boost that with $45 million more.) Sun has long been a supporter of President Trump, and has not once, but twice topped a competition to amass the most $TRUMP coins. But it seems even for Sun, the gold has turned brass.

Sun announced on social media that he’s filed a lawsuit in a California federal court against the crypto project backed by Trump.

The lawsuit alleges World Liberty engaged in an “illegal scheme to seize property” and “positioned itself as the new boogeyman” by stripping Sun of his governance rights, threatening to burn his WLFI tokens, and freezing his stash, which at times were worth $1 billion, according to the complaint dated on Tuesday.

“I have tried in good faith to resolve this situation with the World Liberty project team without resorting to litigation,” Sun wrote in a lengthy X post on Tuesday night. “But the project team has refused my requests to unfreeze my tokens and restore my rights as a token holder. They have left me with no choice but to turn to the courts.”

The complaint also alleged that World Liberty appears to be in financial trouble, citing concerns over whether the project can repay an on-chain loan that was collateralized by using, at the time, $5 billion worth of WLFI. The token reached an all-time low less than two weeks ago.

Despite the escalation with World Liberty, Sun said the lawsuit does not change his feelings about Trump or his administration. “I have always been — and remain — an ardent supporter of President Trump and his Administration’s efforts to make America crypto friendly,” he said.

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