Coinbase to Support Trading for POPCAT and PENGU Starting February 13
Coinbase announced support for the tokens Popcat (#POPCAT) and Pudgy Penguins (#PENGU) built on the Solana blockchain. Key details include:
- Trading starts on February 13, 2025, at 9 AM PT, pending liquidity.
- Available trading pairs include POPCAT-USD and PENGU-USD, launching in phases.
- Assets should only be sent through Solana to avoid fund loss.
- Trading may be restricted in some regions.
Market Response
The announcement has led to price increases:
- POPCAT's price rose over 20% with a 140% surge in trading volume in 24 hours.
- PENGU's price increased by over 7%, with trading volume up more than 120% in the same period.
Support from major exchanges enhances token exposure, liquidity, and trust, attracting investors and promoting greater adoption.
Perpetual Futures Trading
Coinbase confirmed the launch of perpetual futures for PENGU and POPCAT on Coinbase International Exchange and Coinbase Advanced. Available order types include limit, market, stop, and stop limit orders.
PENGU launched in December 2024 with over 88 billion total supply. Recently, 13.69% of its supply (12,164,667,616 tokens) was burned after the claim period ended.