Key Highlights
- Transfer Enablement: Coinbase has activated transfers for Solana-based tokens POPCAT and PENGU, with trading commencing based on liquidity conditions.
- Perpetual Futures Launch: POPCAT-PERP and PENGU-PERP perpetual futures are now live on Coinbase International Exchange and Coinbase Advanced.
- Price Surge: Following the announcement, POPCAT spiked 20%, and PENGU gained 7%, accompanied by a 120–140% surge in trading volume.
Detailed Listing Timeline and Trading Pairs
Coinbase confirmed support for POPCAT and PENGU, two Solana ecosystem tokens, with trading set to begin on February 13, 2025, at 9 AM PT (pending liquidity). The exchange emphasized:
“Trading will launch in phases for POPCAT-USD and PENGU-USD pairs once liquidity thresholds are met.”
👉 Explore Solana-based tokens for similar opportunities.
Critical Notes for Users:
- Transfers must occur via the Solana network (other chains may lead to fund loss).
- Regional restrictions may apply to trading.
Market Impact and Token Performance
The "Coinbase effect" spurred immediate bullish momentum:
POPCAT:
- Price: +20% (24h)
- Volume: +140%
PENGU:
- Price: +7% (24h)
- Volume: +120%
Industry analysts attribute this surge to heightened visibility and liquidity from exchange endorsements. Such listings often accelerate ecosystem adoption and investor confidence.
Perpetual Futures Activation
Coinbase International Exchange and Coinbase Advanced resumed full trading for:
- POPCAT-PERP
- PENGU-PERP
Order types available include limit, market, stop, and stop-limit.
Token Background
- PENGU: Launched December 2024 as the utility token for Pudgy Penguins NFTs, with 12.16 billion tokens burned post-claim period (13.69% of total supply).
FAQ Section
Q: When will POPCAT and PENGU trading start on Coinbase?
A: Tentatively February 13, 2025, at 9 AM PT, contingent on liquidity.
Q: Are there risks in transferring these tokens?
A: Yes—only use the Solana network. Cross-chain transfers may result in permanent loss.
Q: Why did prices surge post-announcement?
A: Exchange listings boost credibility, liquidity, and investor interest, often triggering short-term price rallies.
👉 Discover trending crypto assets to diversify your portfolio.
Disclaimer: This content is for informational purposes only. Conduct independent research and consult financial advisors before investing.
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