Binance Listing of CAT and PENGU Meme Coins Concerns Community Global exchange giant Binance has announced the listing of two viral meme coins, Cat Simon (CAT) and Podgy Penguin (PENGU).
The announcement has sent memecoin fans into a frenzy, as listings on major exchanges like Binance often result in price spikes due to exposure to a huge global audience. CAT and PENGU Listing Details In an official blog post, Binance revealed that both CAT and PENGU will launch on the same day, December 17, at 09:00 UTC and 14:00 UTC, respectively. The listing comes at a time when the entire cryptocurrency market is experiencing a major rally. In addition to the potential price impact that Binance’s announcement could bring, memecoins are likely to benefit from the positive sentiment surrounding the market. In fact, CAT has already enjoyed a price surge following Binance’s announcement. Its price surged 60% to an all-time high of $0.00006811 with a live market cap of $439 million. While PENGU will make its market debut on Binance, its initial circulating supply will be 62,415,951,646 (about 70.2% of its total supply of 88,888,888), which includes Hodler Airdrop rewards. Pudgy Penguins initially announced the offering of its native token PENGU earlier this month without specifying an actual launch date.
This was done to attract the attention of investors, creating anticipation for its eventual release. According to Binance’s announcement, CAT and PENGU will be traded against USDT, BNB, FDUSD, and TRY with the seed token applied.
To clarify, the seed mark is a disclaimer that Binance places on new tokens that have not yet been established. It is simply a warning of the high volatility and risks associated with the token compared to others that are fully established. CAT has a maximum supply of 9 trillion tokens with a circulating supply of 7.89 trillion.