SEI is officially listed on @RobinhoodApp But just like when SUI was listed on Robinhood before, the price hasn’t seen a significant increase. The main reason is that users in Europe and the US are among the most P (profit-driven) users in the world (on par with Chinese users). However, they like to wrap their behavior in nicer terms: risk hedging. In essence, it’s just buy the hype, sell the news. So once it’s listed on Western platforms like Robinhood or Coinbase, it’s basically a case of good news already priced in. When CB (Coinbase) lists a token, there’s still some price boost because it paves the way for listings on Upbit/Binance, creating an expectation-driven premium. But Robinhood listings are often the result of secondary market pricing being fully realized. So why do these older altcoins that have been around for a while still aim to get listed on Robinhood? Because of shell value. Setting aside fundamentals, any ticker’s value increases the more funding channels it opens: hitting the grand slam of Tier 1 and Tier 2 exchanges, ETFs, DAT, Robinhood, and even CME—the more, the better. The more channels it has, the greater its speculative value. When the whales (market makers) create an event to drive up the price, having more funding channels definitely makes it more meaningful to play the game. Maybe I’ll find some time later to organize the secondary OTC rumors for various tokens, then analyze their listing situations and OTC sell-off volumes. We can compare prices (e.g., SUI vs. APT) and see how much these channels contribute to the efficiency of market maker operations.