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One feline-inspired memecoin is surging after a surprise listing by Binance, the world’s largest crypto exchange in the world.
In a new announcement, Binance says that Simon’s Cat (CAT) will be available for trade starting Tuesday over the BNB Chain (BNB).
Amid the news, CAT is trading for $0.00006245 at time of writing, up nearly 45% in the last 24 hours. With a market cap of $420.8 million, CAT is the 244th largest crypto project.
The project is celebrating the support on the social media platform X.
“CAT is proud to be the first cat coin listed on Binance. BNB Chain is where it all started and it remains the best chain to build on, NEVER FORGET.”
Binance also says that PENGU, the new utility token for non-fungible token project Pudgy Penguins, will be available for trading on Tuesday after an airdrop on Monday.
The project announced earlier this month that it planned 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 that see and share the Pudgy Penguin every day finally have the opportunity to align themselves with the character…
PENGU will have a total supply of 88,888,888,888 and will launch on Solana.”
At time of writing, PENGU has not yet been launched.
Binance is attaching a seed tag to both CAT and PENGU, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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