Coinbase Exchange has announced support for two meme coins, PENGU and POPCAT. Tied to popular internet culture, the tokens officially began trading on February 13 at 9:00 a.m. PT, contingent on market liquidity. This listing has sparked a surge in both tokens, with impressive double-digit gains recorded within hours of the announcement. A Coinbase listing still holds significant influence in the crypto world, propelling PENGU and POPCAT to new heights.
Coinbase will support Popcat (SOL) (POPCAT) and Pudgy Penguins (PENGU) on the Solana network (SPL token) and reminds users not to send these assets over other networks to avoid losing funds. Trading will begin on or after 9 AM PT on February 13, 2025, if liquidity conditions are…
— Wu Blockchain (@WuBlockchain) February 12, 2025
PENGU and POPCAT Ride the Coinbase Wave
PENGU, associated with the Pudgy Penguins NFT collection, experienced a remarkable 10.71% increase in just 24 hours. The token’s price reached $0.0107, while trading volume surged by 115%. The growing interest from traders has significantly heightened demand for PENGU, showing that NFTs and meme coins continue to intertwine in the crypto space.
Meanwhile, POPCAT, inspired by the viral cat meme Oatmeal, outperformed expectations, surging nearly 30% in one day to hit $0.34. Over the past week, POPCAT’s price has climbed 50%. POPCAT’s trading volume spiked by 104.5%, indicating strong investor interest and a market cap now standing at $323 million. These dramatic shifts highlight the power of Coinbase listings in introducing fresh liquidity and amplifying speculation.
The Bigger Picture for PENGU and POPCAT
Coinbase has recently expanded its support for meme coins, adding perpetual futures trading for tokens like PENGU, POPCAT, and Helium. The exchange also launched Berachain’s perpetual futures on the same day, adding to the growing excitement.
POPCAT’s success shows how internet culture continues to fuel cryptocurrency growth. From a simple viral cat GIF to a token with massive market traction, meme coins are now attracting real investors and considerable market activity. PENGU, which launched in December 2024 with a supply of over 88 billion tokens, seeks to bring additional utility to the Pudgy Penguins ecosystem.
Also Read: Coinbase CEO Predicts 10% of Global GDP on Crypto Rails by 2030, Foreseeing U.S. as Crypto Leader
With Coinbase’s backing, PENGU and POPCAT could gain even more momentum in the coming months, cementing meme coins as more than just internet jokes.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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