CoinBase has announced the listing of two meme tokens, Popcat (POPCAT) and Pengu Penguins (PENGU). This news resulted in a significant price increase for both tokens, pushing their growth to over two digits. Trading for Popcat and Pengu Penguins on CoinBase will commence at 9 AM PT on February 13th. The exchange will launch spot trading for the POPCAT-USD and PENGU-USD pairs gradually. Additionally, before spot trading begins, perpetual futures trading for these tokens on CoinBase International and CoinBase Advanced will be active. The PENGU-PERP and POPCAT-PERP markets will also go live at 9:30 AM UTC on the same day. This move comes after the addition of these tokens to CoinBase’s roadmap. In addition to these assets, the Morfo token is also listed, but the start date for its support has not been announced yet. While the news release led to a short-term price increase, the official listing announcement brought further price growth. In this context, Popcat experienced a 25% increase, marking the highest surge. Despite being in a downward trend since November, this meme token has grown over 46% in the past week and is currently trading at $0.33. On the other hand, Pengu Penguins saw over a 12% price increase in the last 24 hours. This growth is significant as the token reached its historical lowest level last week. Currently, Pengu Penguins are trading at $0.01. This price surge is mainly due to the ‘CoinBase effect,’ where the listing of tokens on this exchange triggers substantial price growth. However, it is still uncertain whether these tokens will be able to sustain their rally or not. You can monitor the live prices of all tokens and cryptocurrencies on the digital currency live price page.
