The name Robinhood instantly brings to mind the popular stock trading app. But there's another Robinhood out there - one that has nothing to do with the company you know. This one is a cryptocurrency called HOOD, and it's flying under the radar of most investors. If you've seen it pop up on a crypto tracker and wondered if it's connected to Robinhood Markets, the answer is simple: it's not. This token is a completely separate project, built by strangers on the blockchain, and it's operating with almost no transparency.
HOOD token basics: What you can actually verify
As of February 27, 2026, the HOOD token trades at $0.000005132. That’s less than half a cent. It sounds tiny, but with 44.54 billion tokens in circulation, the total market value is around $233,500. For comparison, that’s less than the cost of a modest used car. The entire supply is already out in the open - no tokens are locked, reserved, or held by the team. That means everyone who owns HOOD owns a piece of the full supply.
The token has had a wild ride. Its all-time high was $0.002594, hit on February 1, 2025. That’s over 500 times higher than its current price. Then, just 20 days before this writing, it hit an all-time low of $0.0000003967 - nearly 13 times lower than where it is now. That’s not just volatility; it’s a rollercoaster with no safety rails. The recent jump of 32% from its low point looks encouraging, but it’s still down 99.8% from its peak.
Who’s trading HOOD - and why?
Over 66,000 wallets hold HOOD tokens. That’s a lot for a coin with such a tiny market cap. Most small-cap tokens have a few hundred or thousand holders. This suggests either a very active community or a lot of speculative trading. The 24-hour trading volume is $152,104, which is unusually high compared to its market cap. A volume-to-market-cap ratio over 60% means people are buying and selling this token constantly - often a sign of high speculation, not long-term belief.
There’s no clear reason why. HOOD doesn’t have a known team, no public roadmap, and no whitepaper. You won’t find details about its smart contract, how it’s governed, or what it’s used for. The project claims to be about "financial independence for everyday people," inspired by the Robin Hood legend. But that’s just a slogan. There’s no app, no platform, no DeFi protocol, no staking, no yield farming - nothing you can actually use. It’s a coin with a story and no substance.
Why the name? And why does it matter?
The connection to Robinhood Markets is intentional - and misleading. The company behind the trading app has repeatedly said they have no involvement with this token. They don’t endorse it. They don’t support it. They don’t even know who created it. Yet, because of the name, people keep thinking it’s official. That’s dangerous. Investors who believe HOOD is tied to Robinhood Markets might assume it’s safer, more legitimate, or even backed by the company. It’s not. This is a classic case of brand hijacking in crypto.
When you see "Robinhood" on a crypto ticker, your brain automatically connects it to trust, reliability, and a well-known brand. That’s not how crypto works. Tokens like HOOD thrive on confusion. They rely on people not checking the details. If you’re thinking of buying HOOD because "it’s the Robinhood coin," you’re already making a mistake.
Is HOOD a scam? Or just risky?
It’s not labeled as a scam by major watchdogs - but it’s not far off. A legitimate crypto project shares its team, code, and future plans. HOOD shares none of that. There’s no GitHub, no Telegram group, no Twitter account with verified updates. No developer has ever posted a line of code publicly. The entire project exists as a token on a blockchain, with a website (robinhood.codes) that barely functions as a landing page.
The token’s value is driven entirely by hype, social media chatter, and pump-and-dump cycles. There’s no utility, no revenue, no product. That makes it a pure gamble. If you’re looking for a coin with real use cases - like Ethereum for smart contracts or Solana for fast transactions - HOOD doesn’t belong in the same conversation.
Where can you trade HOOD?
HOOD trades on decentralized exchanges (DEXs) like Uniswap and PancakeSwap. It’s not listed on any major centralized exchange like Coinbase, Binance, or Kraken. That’s another red flag. Big exchanges have strict listing standards. If HOOD can’t get listed there, it’s because it doesn’t meet basic security, transparency, or compliance requirements.
Trading HOOD means using a DEX, which requires you to connect a wallet like MetaMask, pay gas fees, and handle your own security. There’s no customer support if something goes wrong. If you send your funds to the wrong address, or if the contract turns out to be a honeypot (a scam that traps your money), there’s no one to call. You’re on your own.
What’s the bottom line?
HOOD is not an investment. It’s a bet on chaos. It has no team, no roadmap, no technology, and no connection to Robinhood Markets. The only thing it has is a catchy name and a story that sounds good on paper. The price swings are extreme, the volume is high, and the holders are numerous - but none of that means it’s valuable. It means it’s being traded by people hoping to catch a quick gain before the next crash.
If you’re new to crypto and you’re drawn to HOOD because of its name, walk away. If you’re experienced and you’re looking for a high-risk, zero-utility token to gamble on - then you already know what you’re doing. But don’t fool yourself into thinking this is anything more than a meme coin with a borrowed brand.
Is HOOD token connected to Robinhood Markets?
No. Robinhood Markets, the company behind the stock trading app, has no involvement with the HOOD cryptocurrency. The token was created independently by anonymous developers. Robinhood Markets has publicly warned investors not to confuse the two. The name is used to attract attention, not because there’s any official link.
Can I buy HOOD on Coinbase or Binance?
No. HOOD is not listed on any major centralized exchange like Coinbase, Binance, or Kraken. It’s only available on decentralized exchanges (DEXs) such as Uniswap and PancakeSwap. Trading it requires a crypto wallet like MetaMask and carries higher risks due to lack of oversight and security.
Why is the HOOD token price so volatile?
HOOD’s price swings because it has a tiny market cap ($233K) and high trading volume ($152K in 24 hours). This means a small amount of buying or selling can cause big price moves. With no underlying utility, team, or development, its value is based purely on speculation and social media hype - not fundamentals.
Is HOOD a good long-term investment?
No. HOOD has no roadmap, no development team, no whitepaper, and no real-world use case. It exists only as a token on the blockchain with a misleading name. There’s no evidence it will grow, be adopted, or even survive beyond a few more market cycles. It’s a speculative gamble, not an investment.
How many people own HOOD tokens?
As of February 2026, 66,040 unique wallets hold HOOD tokens. That’s a high number for a coin of its size, suggesting either strong speculative interest or a large number of short-term traders. However, the distribution of holdings is not public, so it’s unclear if a small group controls most of the supply.
