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Coinbase Adds PENGU & POPCAT – Trading Kicks Off Feb. 13
February 12, 2025
In a move that has sent shockwaves throughout the cryptocurrency community, Coinbase Exchange announced support for PENGU and POPCAT, two tokens tied to internet culture. This development comes as no surprise, considering the massive following these assets have garnered. Trading is set to begin on February 13, with restrictions possibly applying in certain regions.
PENGU, linked to the Pudgy Penguins NFT collection, saw its price surge by a staggering 10.71% within just one day, hitting $0.0107. This rapid increase was mirrored by an equally impressive trading volume spike of 115%. It appears that traders are scrambling to get in on this new opportunity, further driving demand and pushing the price upward.
In contrast, POPCAT, inspired by a viral cat meme Oatmeal, saw even more substantial gains, with its price skyrocketing nearly 30% over the same period. This rapid appreciation led to an equally impressive trading volume spike of 104.5%, demonstrating the immense interest in this token. Furthermore, POPCAT’s market cap has ballooned to a staggering $323 million.
It is important to note that Coinbase listings often lead to increased liquidity and subsequent volatility, as new traders enter the market seeking to capitalize on these emerging trends. However, it appears that there may be some limitations to trading access for certain regions due to regulatory concerns.
The announcement of support for both PENGU and POPCAT highlights a growing trend in which meme-based coins are no longer just a joke but are instead attracting real investors and serious market activity. With Coinbase’s backing, the potential for significant growth is there for these assets.
By Patrick Kariuki
Source: cryptonewsland.com
