One cat-inspired memecoin is soaring after a surprise listing by Binance, the world’s largest crypto exchange.
In a new announcement, Binance say that Simon’s Cat (CAT) will be available for trading on the BNB Chain (BNB) starting Tuesday.
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 cap of $420.8 million, CAT is the 244th largest crypto project.
The project is celebrate the support on the social media platform
“CAT is proud to be the first cat coin to be 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 the Pudgy Penguins non-fungible token project, will be available for trading on Tuesday after an airdrop on Monday.
The project announced 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 who see and share the Pudgy Penguin every day finally have the chance to connect with the character…
PENGU will have a total supply of 88,888,888,888 and will be launched on Solana.”
At the time of writing, PENGU has not yet been launched.
Binance associates a Seed tag with both CAT and PENGU, which the exchange applies to projects with lower liquidity 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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Generated image: Midjourney