Binance to List Pudgy Penguins’ PENGU and Simon’s Cat Meme Coin

Binance has announced the listing of two new tokens—Pudgy Penguins’ native token, PENGU, and the Simon’s Cat meme coin.

PENGU will debut on December 17 at 14:00 UTC, with trading pairs including USDT, BNB, FDUSD, and TRY. Simon’s Cat will launch earlier the same day at 09:00 UTC, with identical trading pairs.

Binance Listing Triggers a Massive Rally for CAT Meme Coin

The announcement caused Simon’s Cat (CAT) to surge by over 60%, reaching an all-time high of $0.00006811. The meme coin’s market cap soared to $439 million.

In contrast, PENGU’s Binance listing marks its first-ever token distribution. Upon launch, PENGU will have a circulating supply of over 623 million tokens, representing approximately 70.22% of its total supply.

Pudgy Penguins introduced the PENGU token earlier this month but did not previously announce a launch date. The project has generated significant attention due to its connection to the popular NFT collection.

CAT Meme Coin Daily Price Chart. Source: BeInCrypto

Binance’s history with new token listings has been rather concerning. The exchange recently launched the Magic Eden (ME) token, which faced sharp declines after its debut.

The ME token started trading at $17 but dropped nearly 79%. It’s currently at around $3.57 due to mass sell-offs from airdrop recipients.