Crypto exchange Coinbase announced that it will begin supporting trading for Solana-based tokens POPCAT and PENGU on February 13. This listing has led to significant price and trade volume increases for these tokens.
Coinbase Trade Launch
Trading for POPCAT and PENGU on Coinbase starts on February 13 at 9:00 AM PT. Coinbase warned that trading may be restricted in some regions if liquidity is insufficient. POPCAT-USD and PENGU-USD pairs will be available.
Impact on Prices and Volumes
Following the listing announcement, PENGU and POPCAT saw significant gains. In the past 24 hours, PENGU increased by 10.71%, currently trading at $0.0107. PENGU's trading volume also grew by 115%. POPCAT rose by 30%, trading at $0.34, with a 50% weekly increase. POPCAT's market cap reached $323 million.
Tokens' History and Development
POPCAT originated from the well-known meme 'Oatmeal'. The viral video showed a cat named Oatmeal opening and closing its mouth, which became popular. PENGU entered the market in December 2024 as a token of the popular Ethereum-based NFT collection Pudgy Penguins, with a maximum supply of over 88 billion tokens.
The listing of PENGU and POPCAT on Coinbase represents a significant step for both tokens, positively impacting their market positions. Support from large platforms like Coinbase further strengthens the role of cryptocurrencies in the market.
