Coinbase Adds Morpho, Pudgy Penguins, and Popcat to Listing Roadmap
Coinbase Global Inc. (NASDAQ: COIN) plans to list three new altcoins: Popcat (POPCAT), Pudgy Penguins (PENGU), and Morpho (MORPHO). This follows prior listings such as Moo Deng, Floki, Pepe, Dogwifhat, Turbo, and Gigachad.
Key points:
- Listing will not enable immediate transfer or trading.
- Focus on memecoins aims to attract speculative traders.
- Shareholders may see increased revenue from wider token trading.
Impact of listings:
- Wider exposure for the listed altcoins in a bullish market.
- Popcat's price rose 11% to $0.22, with an 80% increase in trading volume.
- Pudgy Penguins initially surged 17%, then retraced gains; currently down over 83% in two months.
- Morpho saw a 14% spike, but has dropped 44% in two weeks to around $1.88.