Coinbase Listings Sparks Gains For POPCAT And PENGU
Coinbase, the third largest concentrated exchange for trading volume, announced the listing of Popcat (sol) (Popcorn) and chunky penguin (Pengu) Solana (SOL) network.
This development has facilitated huge price rally for two meme coins, with revenues exceeding double digits.
Coinbase lists popcorn and Pengu
According to Coinbase announcementdeals for popcorn and peng will start at 9 a.m. pt. February 13. The exchange will launch spot trading of popcorn usd and pengu-usd pairs in phases.
Before spot trading goes online, Permanent futures trading Because these tokens will be Available About Coinbase International Exchange and Coinbase Advanced. The exchange will launch the Pengu-Perp and Popcat-Perp markets at or after 9:30 am the same day.
This extension was recently added to Coinbase’s roadmap morpho (morpho)a confirmed listing has not been received yet. The roadmap is inclusive Caused a brief price increasethe official listing announcement triggered a more prominent rally.
Of the two tokens, popcat Leadership earnings, up 25%. This is worth noting because Meme Coin It has been on a downward trend since November.
Still, it has been recovering slightly last week, up more than 46%. At press time, it traded for $0.33.
Pengu also recorded a lot of profits. Its value has increased by more than 12% over the past day, especially importantly, given that the token has reached The all-time low last week.
As the price rises, the token is now about 18% higher than its lowest point. However, its weekly loss is still 7.8%.
More importantly, Pengu faced a 65% depreciation last month. At press time, the transaction price was $0.01.
This sharp price increase with the so-called “Co-based effect”. To provide some context, the co-entry effect is a phenomenon that the token often experiences a large amount of price. Listed on the exchangeDriven by visibility, liquidity and investors’ interests.
However, it remains to be seen whether meme coins can sustain gains once the transaction begins.
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