SENT token jumps 20% after Robinhood listing boosts retail access

SENT, the token powering Sentinel's decentralized AI network, jumped 20% to $0.87 after Robinhood listed the asset on its platform Wednesday.

"Robinhood's listing pipeline has expanded beyond major caps into emerging sectors like decentralized AI, reflecting growing retail demand for thematic exposure," a Robinhood spokesperson said.

The listing on Robinhood — which serves more than 23 million funded accounts — gives SENT access to a retail base that has driven outsized gains for newly listed tokens this year. Trading volume for SENT surged to $42 million in the 24 hours following the announcement, compared with a daily average of $4.8 million over the prior week, CoinGecko data show.

The move marks Robinhood's latest push into token listings beyond blue-chip assets, following its July 1 launch of an Arbitrum-based blockchain that saw the CASHCAT memecoin briefly reach a $145 million market cap. For Sentinel, the Robinhood listing could drive sustained buying pressure as retail investors gain direct access without bridging to decentralized exchanges.

Sentinel operates a decentralized physical infrastructure network (DePIN) that allows users to contribute computing power for AI training and inference tasks. The project competes with other decentralized AI platforms such as Bittensor and Render Network, which have also seen increased attention as the AI token narrative gained traction this year.

The listing comes as Robinhood deepens its crypto footprint amid a shifting regulatory environment. The brokerage has added support for prediction markets, sports event contracts, and its own layer-2 blockchain since entering the crypto space. Pump.fun, the Solana-based token launchpad, added support for Robinhood Chain tokens on July 8, further integrating the exchange into the broader on-chain ecosystem.

SENT's 20% gain outpaced the broader crypto market, with Bitcoin trading flat at $62,787 and Ethereum down 0.3% to $1,746 over the same period, according to CoinGecko. The token's market capitalization stood at roughly $340 million as of 14:30 UTC.

This article is for informational purposes only and does not constitute investment advice.