Altcoin
CAT Token Price Soars 50% After Binance Adds Simon Cat & Pudgy Penguins
CAT price has surged 50% in the last 24 hours as Binance announced the addition of Simon’s Cat (CAT) and Pudgy Penguins (PENGU) across Earn, Buy Crypto, Convert, Margin, and Futures products. This listing opens new trading and earning opportunities for its users.
The newly supported tokens will be integrated into various services, including borrowable assets, perpetual contracts, and zero-fee trading options, enhancing flexibility and accessibility for traders and investors.
Binance Expands Trading and Earn Features
Binance continues to innovate by expanding its offerings with the addition of Simon’s Cat (1000CAT) and Pudgy Penguins (PENGU). On December 17, these tokens will be available across Simple Earn, Convert, Margin, and Futures platforms. Users can now access 1000CAT and PENGU for flexible staking, zero-fee conversions, and leveraged trading options.
The rollout begins with Simple Earn, where users can subscribe to flexible products for both tokens. Binance Convert will enable zero-fee trading for 1000CAT and PENGU against popular pairs like BTC and USDT. Additionally, the exchange Margin will support 1000CAT and PENGU as borrowable assets on Cross and Isolated Margin, allowing advanced traders to utilize leverage for enhanced returns.
On Binance Futures, perpetual contracts for PENGU will launch with up to 75x leverage, catering to institutional and high-risk traders. This provides 24/7 trading opportunities while maintaining robust risk management tools. One of the top crypto exchange expansions highlights its commitment to providing versatile, user-friendly products for its growing user base.
Market Surge and Context for CAT and PENGU
The addition of CAT and PENGU to Binance comes as CAT price soared 50% in the last 24 hours, trading at $0.00005919. It has also recorded impressive growth of 31% over the week and 70% in the last quarter, highlighting its increasing demand among crypto enthusiasts.
Binance Research has recognized these tokens’ potential, with their inclusion across multiple services aligning with rising memecoin popularity. The ongoing HODLer airdrop further incentivizes subscriber participation, enhancing liquidity and user engagement.
With this strategic listing, the exchange strengthens its position as a leading platform for crypto trading and earning. It offers diverse opportunities for both retail and institutional traders in the evolving crypto market.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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