Binance to List PENGU and CAT Tokens on Dec. 17

Binance, one of the largest global cryptocurrency exchanges, has announced plans to list two new tokens on December 17: PENGU, the native token of the popular NFT collection Pudgy Penguins, and CAT, the meme coin inspired by Simon’s Cat. The listings have already sparked significant interest, particularly for the CAT token, which saw a near 65% surge following the announcement.

PENGU and CAT Token Listing Details

Binance will officially list PENGU at 14:00 UTC on December 17. The PENGU token, which is tied to the Pudgy Penguins NFT collection, will be available for trading with USDT, BNB, FDUSD, and TRY pairs. This marks the first time the PENGU token will be distributed, and it will have a circulating supply of over 623 million tokens, representing approximately 70.22% of its total supply.

Alongside PENGU, Binance will also list the Simon’s Cat meme coin (CAT) at 09:00 UTC on the same day. CAT will be available for trading with pairs including USDT, BNB, FDUSD, and TRY. CAT’s listing has already triggered a surge, with its price spiking by 64.42% following the Binance announcement. Currently, CAT is trading at $0.0000641 with a market cap of $433 million, ranking 27th among meme coins by market capitalization. Its fully diluted valuation is estimated at nearly $520 million.

Airdrop Information and Eligibility

In addition to the listings, Binance has announced that users who subscribed their BNB to Simple Earn products between December 9 and December 12 will be eligible for airdrops of both the PENGU and CAT tokens. The airdrop details will be released within 12 hours of the notice, and tokens will be distributed to eligible users’ wallets one hour before trading begins.

Background on PENGU and CAT

The Pudgy Penguins NFT collection, backed by Igloo Inc., launched its native token, PENGU, on December 6, although the exact launch date was not specified initially. The maximum supply of PENGU is expected to exceed 88 billion tokens, adding to the hype around its listing on Binance.

Simon’s Cat, a long-standing meme coin, has already gained significant traction and is part of the meme coin trend that continues to captivate the crypto market. The listing of both PENGU and CAT on Binance is expected to further boost their visibility and trading volume.

As Binance continues to expand its offerings, these listings represent a growing interest in meme coins and NFT-related tokens, adding to the diversity of digital assets available on the platform.