Binance will list PENGU and CAT on December 17

Binance will list Pudgy Penguins' native PENGU token alongside the Simon's Cat meme coin on December 17. After Binance's listing announcement, CAT rose almost 65%.

In a company announcement, major crypto exchange Binance announced plans to list PENGU, the native token for the Pudgy Penguins nft collection, on December 17 at 14:00 UTC. Open trading will be available for PENGU paired with USDT, BNB, FDUSD and TRY.

In addition to PENGU, Binance will also list the Simon's Cat (CAT) meme coin on December 17 at 09:00 UTC. The token will be available for trading with USDT, BNB, FDUSD and TRY pairs.

A few minutes after Binance (BNB) announced its listing debut, CAT surged by 64.42% according to data from crypto.news. The animal-themed meme coin is currently trading at $0.0000641, with a market capitalization of $433 million.

CAT is ranked 27th in the meme coin rankings by market capitalization. The token's fully diluted valuation is estimated at nearly $520 million.

Unlike CAT, which is already widely traded, this will be the first distribution of the PENGU token. PENGU will have a circulating supply of over 623 million tokens upon listing on Binance, representing approximately 70.22% of its total token supply.

Users who subscribed their BNB to Simple Earn products between December 9 00:00 UTC and December 12 23:59 UTC will be eligible to receive airdrops of both tokens. The airdrop information will be published within 12 hours of the announcement, and the tokens will be distributed to users' wallets one hour before trading begins.

As previously reported by crypto.news, Pudgy Penguins announced the launch of its native PENGU token on December 6, although no specific launch date was given at the time. The Igloo Inc.-backed nft collection stated that the maximum token supply would exceed 88 billion PENGU tokens.