The crypto world is abuzz with excitement as one feline-inspired memecoin experiences a surge in value following a surprise listing on Binance, the world’s largest crypto exchange. Simon’s Cat (CAT) has been announced to be available for trading on the BNB Chain, with the current price of $0.00006245 reflecting a 45% increase in the last 24 hours. With a market cap of $420.8 million, CAT now ranks as the 244th largest crypto project.
The news of CAT’s listing on Binance has been met with celebration on social media, with the project expressing pride in being the first cat coin to be listed on the exchange. In addition to CAT, Binance has also announced the upcoming availability of PENGU, the utility token for the popular non-fungible token project Pudgy Penguins. PENGU is set to launch on the Solana network with a total supply of 88,888,888,888.
Despite the anticipation surrounding PENGU’s launch, it has not yet been released at the time of writing. Binance has attached a seed tag to both CAT and PENGU, indicating that these tokens may exhibit higher volatility due to lower liquidity. Users who own assets with seed tags are required to pass quizzes every 90 days to ensure they understand the risks associated with trading these tokens.
For crypto enthusiasts looking to stay informed on the latest developments, subscribing to email alerts and following The Daily Hodl on social media platforms such as Twitter, Facebook, and Telegram is recommended. By staying up to date on price action and market trends, investors can make informed decisions in the ever-evolving world of cryptocurrency.
In conclusion, the listing of Simon’s Cat (CAT) and the upcoming launch of PENGU on Binance have generated significant interest in the crypto community. As these projects continue to gain traction, investors are advised to stay informed and exercise caution when trading tokens with seed tags. With the crypto market constantly evolving, staying informed and aware of the risks is crucial for success in this dynamic industry.