A feline-inspired memecoin is booming after a surprise listing by Binance, the world’s largest crypto exchange.
In a new announcement, Binance says that Simon’s Cat (CAT) will be available for trading starting Tuesday on the BNB Channel (BNB).
Amid the news, CAT is trading at $0.00006245 at the time of writing, up almost 45% in the last 24 hours. With a market capitalization of $420.8 million, CAT is the 244th largest crypto project.
The project celebrates support on the X social media platform.
“CAT is proud to be the first CAT coin listed on Binance. BNB Chain is where it all started and it remains the best channel to rely on, NEVER FORGET.
Binance also says that PENGU, the new utility token from the Pudgy Penguins non-fungible token project, will be available for trading on Tuesday following an airdrop on Monday.
The project announced earlier this month that it plans to launch PENGU on the Solana (SOL) network.
“With PENGU, the millions of Pudgy Penguin fans and the hundreds of millions of people outside of crypto who see and share Pudgy Penguin every day finally have the opportunity to align with the character…
PENGU will have a total supply of 88,888,888,888 and will launch on Solana.
At the time of writing, PENGU has not yet been launched.
Binance attaches a seed tag to both CAT and PENGU, which the exchange applies to low liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to take quizzes every 90 days to ensure they are aware of the risks before trading the tokens.
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