Coinbase has announced a roadmap for future listings, adding Morpho (MORPHO), Pudgy Penguins (PENGU), and Popcat (POPCAT) to its potential lineup.
Coinbase's New Listing Roadmap
Coinbase’s approach aims to provide transparency and reduce uncertainty in the listing process, giving traders early insights into upcoming assets.
Characteristics of New Tokens
Popcat (POPCAT) is a meme coin on the Solana blockchain and is inspired by the viral “Popcat” meme. Due to the trend of meme-driven crypto, the token has gained significant traction. Pudgy Penguins (PENGU) is also a Solana token linked to the Pudgy Penguins NFT collection that has expanded into real-world products. Morpho (MORPHO) is a DeFi lending protocol built on the Base network that optimizes lending and borrowing on platforms like Aave and Compound.
Market Reaction and Current Status
Following the announcement, all three tokens experienced price increases. POPCAT surged by approximately 25%, reaching $0.2303. The other two tokens also saw gains of around 8%. However, MORPHO remains 5% up, but PENGU has started to decline and is now at $0.01053. Despite these changes, the overall market attitude remains cautious. Bitcoin is trying to go beyond $100,000, now trading at $99,650, while Solana has regained $200.
Coinbase's new listing roadmap brings greater transparency to the process of adding new tokens, aiding traders in making more informed decisions.
