PENGU and POPCAT will available for trading on Coinbase starting Feb. 13 at 9:00 AM PT (17:00 UTC), boosting both tokens’ prices.
In a recent post, major crypto exchange Coinbase said that it will be adding trading support for Solana (SOL)-based meme coins, Popcat (POPCAT) and Pudgy Penguins (PENGU). The exchange will open trading support on Feb. 13 at 9:00 Pacific Time if Coinbase deems liquidity is sufficient for both tokens.
Trading support will be available for POPCAT-USD and PENGU-USD pairs, which will begin launching in phases. However, Coinbase also warned users that trading for POPCAT and PENGU may be restricted in some regions.
PENGU and POPCAT’s Coinbase boost
Shortly after Coinbase posted the announcement, PENGU and POPCAT saw major gains in value. In the past 24 hours, PENGU has gone up by 10.71%. The Pudgy Penguins token is currently trading hands at $0.0107, according to data from crypto.news.
PENGU’s trading volume also experienced a similar boost after the Coinbase listing, rising by more than 115% compared to the previous day. This means that more traders are transferring PENGU in the market.
POPCAT saw even bigger gains after its Coinbase listing. The cat-themed token saw an increase of nearly 30% in the past 24 hours. POPCAT is currently trading hands at a price of $0.34. In the past week, POPCAT has gone up by nearly 50%.
POPCAT’s trading volume in the past day also saw an increase of 104.5%. The meme coin’s market cap currently stands at $323 million.
In early February, Coinbase declared that it would provide trading support for perpetual futures for Pudgy Penguins, Popcat, and Helium. In addition, Coinbase also added trading support for Berachain (BERA) perpetual futures on the same day.
A well-known token on the meme coin market, POPCAT’s origins stems from a popular cat meme named Oatmeal. The viral video shows alternating images of Oatmeal opening and closing its mouth, which was later turned into a GIF.
Meanwhile, PENGU just recently came into the market in mid-December 2024. The native token of the popular Ethereum (ETH)-based NFT collection Pudgy Penguins was first launched with a maximum token supply of more than 88 billion.
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