Is HOOD Token Officially Launched by Robinhood? Fact Check

The decentralization successful crypto is some a blessing and disgusting arsenic it opens up wide opportunities for decentralized applications, but it besides poses the hazard of being troublesome. 

In the past 24 hours, the Robinhood (HOOD) token is trending with its terms surging implicit 50% retired of nowhere. For newcomers, this token looks similar the authoritative crypto plus from the fashionable trading app Robinhood but it’s NOT. 

Is HOOD Token Official?

For the wide answer, NO. The HOOD token is not officially associated with the Robinhood company. The ticker awesome “HOOD” refers to the publically traded banal of Robinhood Markets, Inc., but determination is nary authoritative HOOD cryptocurrency issued by the company. 

Market information shows that the terms of HOOD is presently trading astatine $0.0007 and has a marketplace headdress of $31 million. It is disposable to commercialized connected assorted Solana-based decentralized exchanges. 

As of February 11, 2025, Robinhood Markets Inc., the fiscal services level known for its banal and cryptocurrency trading services, has not launched immoderate cryptocurrency named HOOD. However, the institution is operating nether its publically traded banal with the ticker awesome “HOOD” connected the Nasdaq exchange. 

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