Binance Lists PENGU and CAT Tokens: Memecoin Mania Intensifies

Binance, one of the world’s largest cryptocurrency exchanges, has announced the listing of two highly anticipated tokens: PENGU, the native token of the popular NFT collection Pudgy Penguins, and Simon's Cat, an animal-themed meme coin. Both tokens will be available for trading starting December 17, 2024.

PENGU Token to Debut on Binance

Binance confirmed the listing of PENGU, the token linked to the Pudgy Penguins NFT collection, on December 17 at 14:00 UTC. Users will be able to trade PENGU against popular cryptocurrencies, including USDT, BNB, FDUSD, and TRY. This marks a major milestone for the Pudgy Penguins brand, which has gained significant attention in the NFT space.

In a notable twist, PENGU will debut with a circulating supply of over 623 million tokens, making up approximately 70.22% of its total supply. This listing is expected to generate considerable interest among both NFT enthusiasts and meme coin investors, driving more attention to the growing Pudgy Penguins ecosystem.

Simon’s Cat Meme Coin Soars After Listing Announcement

Alongside PENGU, Binance will also list Simon's Cat on December 17 at 09:00 UTC. This meme coin, inspired by the popular animated cat character, saw an impressive 65% surge in price shortly after the Binance announcement. As of now, CAT is trading at $0.0000641, with a market cap of $433 million. It currently ranks 27th on the meme coin leaderboard by market capitalization.

The market response to Simon’s Cat has been robust, with its fully diluted valuation estimated at nearly $520 million. The rapid price increase underscores the continued popularity of animal-themed meme coins in the crypto space.

PENGU Token Airdrop and Trading Launch

Binance has also unveiled a special promotion for users who participated in its Simple Earn program. Those who subscribed their BNB between December 9 and December 12 will be eligible for airdrops of both PENGU and CATtokens. Airdrop details will be released within 12 hours of the notice, and tokens will be distributed to user wallets one hour before trading begins.

Pudgy Penguins Expands with PENGU Token

The introduction of PENGU token follows Pudgy Penguins' earlier announcement on December 6, 2024, that it would be launching its native token. The total maximum supply of PENGU is set to exceed 88 billion tokens—a huge figure that indicates the project’s ambitions in the broader crypto and NFT ecosystems.

Pudgy Penguins, backed by Igloo Inc., has rapidly gained popularity since its inception, and the launch of PENGU is expected to further solidify its place in the NFT and crypto space. As meme coins and NFTs continue to merge, PENGU aims to leverage its growing community to increase its token's utility, creating further excitement for potential investors and collectors alike.

The Future of Memecoins and NFT Integration

With the addition of PENGU and Simon's Cat, Binance continues to fuel the meme coin trend, creating more opportunities for investors to diversify their portfolios. Both tokens represent the growing intersection of NFTs and meme coins, with PENGU potentially bringing more real-world utility to the Pudgy Penguins brand. The continued interest in these tokens is a testament to the evolving nature of the crypto market and the strong appeal of animal-themed projects.

As the meme coin market remains a dominant force in the cryptocurrency landscape, PENGU and CAT have the potential to become key players in the coming months, further demonstrating the power of community-driven projects in the digital asset space.