PENGU and POPCAT Will Be 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).

Solana (SOL) meme coins Popcat (POPCAT) and Pudgy Penguins (PENGU) will be available for trading on Coinbase starting Feb. 13 at 9:00 AM PT (17:00 UTC), the exchange announced in a recent post.

Coinbase will open trading for SOL-based meme coins POPCAT and PENGU on Feb. 13 at 9:00 Pacific Time, pending sufficient liquidity for both tokens.

The exchange will be adding support for Popcat (SOL) (POPCAT) and Pudgy Penguins (PENGU) on the Solana network (SPL token). Coinbase users are advised not to send this asset over other networks, as their funds may be lost.

Both tokens will be available for trading in the following pairs:

POPCAT-USD

PENGU-USD

Coinbase will begin rolling out both trading pairs in phases. However, the exchange also noted that some regions will be restricted from trading both POPCAT and PENGU.

Coinbase listing boosts PENGU, POPCAT

After Coinbase posted the announcement, both PENGU and POPCAT saw major gains in value.

PENGU rose by 10.71% over the past 24 hours. According to crypto.news data, the Pudgy Penguins token is currently trading at a price of $0.0107.

After the Coinbase listing, PENGU saw a boost in trading volume of over 115% compared to the previous day. This indicates increased trader activity involving PENGU in the market.

Meanwhile, POPCAT saw even greater gains following its Coinbase listing. The cat-themed token experienced an increase of nearly 30% in the past 24 hours. Currently, POPCAT is trading at a price of $0.34. Over the past week, POPCAT has risen by nearly 50%.

After its Coinbase listing, POPCAT saw a 104.5% increase in trading volume over the past 24 hours. The meme coin has a market capitalization of approximately $323 million.

Earlier this month, Coinbase announced that it would be adding perpetual futures for Pudgy Penguins, Popcat, and Helium to its lineup. Additionally, Coinbase also began trading Berachain (BERA) perpetual futures on the same day.

Origins of POPCAT, PENGU

A well-known meme token in the meme coin market, POPCAT originates from the popular cat meme featuring Oatmeal the cat.

The viral video features alternating images of Oatmeal opening and closing its mouth, which was later turned into a GIF.

Meanwhile, PENGU is a new addition to the market, having only entered the scene in mid-December 2024. The native token of the popular Ethereum (ETH)-based NFT collection Pudgy Penguins, PENGU was first launched with a maximum token supply of over 88 billion.