A cat-inspired memecoin is surging after a surprise listing on Binance, the world’s largest cryptocurrency exchange.
In a new announcement, Binance revealed that Simon’s Cat (CAT) will be available for trading via the BNB Chain (BNB) starting Tuesday.
Amid this news, CAT is trading at $0.00006245 at the time of writing, up nearly 45% in the last 24 hours. With a market capitalization of $420.8 million, CAT is the 244th largest cryptocurrency project.
The project is celebrating support on social media platform X.
“CAT is proud to be the first CAT coin listed on Binance. The BNB chain is where it all started and remains the best chain you can build on. “Never forget it.”
Binance also revealed that PENGU, a new utility token from non-fungible token project Pudgy Penguins, will become available for trading on Tuesday following an airdrop on Monday.
The project announced plans to launch PENGU on the Solana (SOL) network earlier this month.
“The millions of Pudgy Penguin fans who watch and share Pudgy Penguin every day through PENGU, and the hundreds of millions of people outside of cryptocurrency, finally have the opportunity to fit themselves into the character…
PENGU will have a total supply of 88,888,888,888 and will be launched on Solana.”
At the time of this writing, PENGU has not yet been released.
Binance is attaching seed tags to both CAT and PENGU, which apply to low-liquid projects that may exhibit higher volatility compared to other listed tokens. Binance requires users who own assets with seed tags to pass a quiz every 90 days to ensure they are aware of the risks before trading the tokens.
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