A new airdrop for FLOKI Coin investors was previously announced, and the snapshot was taken on August 29. OKX investors holding FLOKI Coin in their accounts as of August 29, 2024, 23:59:59 UTC, will be eligible for the Simon’s Cat (CAT) airdrop. The Floki Coin team has now published the necessary conditions and other details.
The airdrop for investors holding FLOKI Coin will be given to those holding at least 400,000 tokens. The minimum amount determined in tokens was related to the potential for debate over the dollar requirement due to market fluctuations. For example, when the price was $0.000125, an investor holding 400,000 FLOKI Coin had $50 worth of tokens, and those holding this amount or more will receive CAT Coin entitlement.
Total eligible holders on OKX will receive CAT Coin at a 1:1 ratio if the number is equal. That is, 400,000 FLOKI Coin will be exchanged for 400,000 Simon’s Cat (CAT). If the number is higher, this ratio will change.
The official Simon’s Cat ($CAT) token contract is 0x6894CDe390a3f51155ea41Ed24a33A4827d3063D, and it is important for investors to verify this to avoid falling victim to fake tokens.
After the snapshot was taken on August 29, FLOKI Coin, which had dropped more than 20%, returned gains triggered by airdrop hunters. However, it is now recovering from the $0.0001150 support and targeting $0.000138.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A crypto strategist known for making timely altcoin calls believes layer-1 protocol Sui (SUI) is gearing up to spark breakout rallies.
Pseudonymous analyst Bluntz tells his 274,600 followers on the social media platform X that SUI appears to have ignited a new bullish trend after printing a higher low setup amid the conclusion of an ABC corrective wave.
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Bluntz relies on the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave surge after completing an ABC corrective pattern.
The analyst shares a chart suggesting that SUI can rise to as high as $1.80 in the next few weeks.
“SUI back in a technical high timeframe uptrend again, higher lows and higher highs + key level taken out already.
It’s gonna surprise a few people in the next weeks to months, in my opinion.”
Source: Bluntz/X At time of writing, SUI is worth $1.17, up over 13% in the last 24 hours.
Looking at the feline-themed memecoin Simon’s Cat (CAT), the crypto strategist believes that the altcoin is gearing up for another breakout after taking out its resistance at $0.00003.
“CAT is trading like a beast here, constant grind up even while markets were downtrending and now consolidating at prior highs.
I think this resolves violently higher.”
Source: Bluntz/X Simon’s Cat is a new memecoin that was launched last month on the Binance Smart Chain. It is based on the British animated web and book series Simon’s Cat.
Looking at the trader’s chart, he seems to suggest that CAT needs to take out its resistance at $0.000036 before witnessing fresh rallies.
At time of writing, CAT is trading for $0.0000354, up over 13% on the day.
A widely followed cryptocurrency analyst and trader is leaning bullish on a feline-inspired low-cap memecoin in the Binance Smart Chain ecosystem.
The trader pseudonymously known as Bluntz tells his 274,800 followers on the social media platform X that a massive breakout for the Simon’s Cat (CAT) memecoin is in sight.
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“Cat season alive and well, CAT just keeps vertically accumulating then breaking out, constant grind up from launch. I think a face-ripping breakout is near.”
Source: Bluntz/X Based on Bluntz’s chart, he seems to suggest that the CAT memecoin is in the process of breaking out from an ascending channel in the four-hour time frame.
CAT is trading at $0.00004263 at time of writing, up by approximately 291% from an August 22nd low of $0.0000109. CAT is based on the popular British animated web and book series Simon’s Cat. The new memecoin, which was just launched last month, currently boasts a market cap of a little over $292 million.
The widely followed analyst also offers his take on the layer-1 blockchain NEAR (NEAR). According to Bluntz, the price of NEAR is starting to turn upwards and its ascent could be bolstered by the hype around artificial intelligence (AI) technology.
In May of this year, NEAR announced that it is building tools that would enable users to develop their own AI applications on the protocol.
Says Bluntz,
“Liking NEAR again here too, starting to poke its head out of six-month downtrend.
I’m sure the AI narrative will rear its head again at some point.”
Source: Bluntz/X Looking at the trader’s chart, he seems to suggest that NEAR is attempting to breach its diagonal resistance.
A crypto strategist known for making timely altcoin calls believes that the native asset of a layer-1 project is gearing to witness its first uptrend.
Top trader Bluntz tells his 275,200 followers on the social media platform X that Saga (SAGA) looks poised to spark big rallies after breaking out from an inverse head-and-shoulders pattern (IHS).
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An IHS is typically viewed as a bullish reversal pattern as it indicates investors are no longer waiting for the price to revisit lows before accumulating the asset.
Says Bluntz,
“Still thinking SAGA has one of the best structures of the mid caps in the $200 million range and a fairly new coin without an initial run yet.
Huge IHS bottom breakout with volume.
Easy multiples, in my opinion.”
Source: Bluntz/X At time of writing, SAGA is worth $2.46 with a market cap of over $251 million.
Bluntz is also bullish on the Binance Smart Chain-based memecoin Simon’s Cat (CAT). According to the top trader, CAT will be the top feline-based memecoin this bull cycle as he thinks the coin will surge to a market cap of $1 billion.
“Everyone thinks POPCAT is gonna be this cycle’s winning cat coin but I disagree, I think CAT will.
Simon’s Cat [is] widely recognized with normies and the chart is gearing up for a major channel breakout, in my opinion.
CAT to a billy is coded.”
Source: Bluntz/X At time of writing, CAT is trading for $0.000042 with a market cap of $285 million.
A crypto strategist who continues to grow his following with timely altcoin predictions believes layer-1 protocol Sui (SUI) is gearing up to revisit all-time high levels.
Pseudonymous analyst Bluntz tells his 275,500 followers on the social media platform X that SUI’s huge rally last week suggests that the Solana (SOL) killer is en route to record-high prices.
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“SUI weekly absolutely insane, at this rate it’ll hit all-time high before BTC.”
Source: Bluntz/X The trader also says he believes “SUI is the next SOL.”
Last week, Bluntz said that SUI is in a technical uptrend after printing higher highs and higher lows on the daily chart.
“It’s gonna surprise a few people in the next weeks-months, in my opinion.”
Source: Bluntz/X At time of writing, SUI is trading for $1.54.
The crypto strategist also has his radar locked on two feline-themed memecoins. According to Bluntz, Popcat (POPCAT) and Simon’s Cat (CAT) look primed for rallies after completing their respective ABC corrective wave.
The trader uses the Elliott Wave theory, which states that a bullish asset tends to witness rallies after the conclusion of an ABC correction.
Says Bluntz,
“The cats are gearing up for their next legs up in my opinion, POPCAT and CAT both done nice ABCs down over the weekend, gearing up for their next legs higher.”
Source: Bluntz/X Based on the trader’s chart, he seems to predict that POPCAT is preparing for a move above $1. At time of writing, POPCAT is worth $0.926.
As for CAT, the analyst predicts that the memecoin will rally above $0.00005.
Source: Bluntz/X At time of writing, CAT is worth $0.000041.
Simon’s Cat (CAT) entered the price discovery phase and hit its ATH on 21st September. Key technical indicators hint at chances of a near-term slowdown. Simon’s Cat [CAT] entered price discovery mode recently, hitting a new ATH of $0.0000464 on 21 September. The meme coin saw an exponential rally but has since slowed down after breaking out of its near-term rising wedge structure.
At the time of writing, CAT traded at $0.0000391, down by around 6.5% in the last 24 hours after witnessing a bearish breakout.
Simon’s Cat price prediction: Can RSI fuel a near-term rally? Similar to most meme coins, CAT also experienced a rally soon after its launch amid huge investor excitement. This excitement helped the meme coin double in value in just over two weeks.
Despite the recent slowdown, CAT’s RSI (Relative Strength Index) showed early signs of a bullish divergence. The price reached higher highs, whereas the RSI has reached lower lows.
This divergence often signals a potential reversal in momentum, which could offer buyers a short-term rally before another pullback.
If the bullish divergence materializes, CAT could bounce back toward the $0.000041 resistance level and potentially its ATH levels in the coming sessions.
Source: TradingView, CAT/USDT On the flip side, the recent rising wedge breakout increases the likelihood of a further pullback. If the selling pressure continues, CAT could find support at $0.0000352 and $0.0000308 before attempting a rebound.
The RSI hovered around 45 and was much lower than its moving average line. This indicated that the current momentum was shifting toward the sellers.
The MACD indicator (moving average convergence divergence) saw a bearish crossover, with the MACD line dropping below the signal line. This crossover typically signals the start of a short-term bearish phase. Should these lines fall below the zero level, it would confirm a stronger downtrend.
The road ahead Simon’s Cat (CAT) has entered a critical phase after hitting a new ATH and subsequently pulling back from a rising wedge breakout. The bullish divergence on the RSI suggested a potential near-term rally, but traders should remain cautious as technical indicators like the MACD confirm weakening momentum.
A break above $0.0000405 could reignite bullish hopes, pushing the price toward $0.0000464, while a continued decline could test support at $0.0000352 and $0.0000308.
Traders should monitor these key levels closely and the broader market sentiment to capitalize on CAT’s next move.
Simon’s Cat crypto has pounced into the price discovery phase, achieving a fresh all-time high over the weekend.
This leap has 99Bitcoin’s analysts talking, pointing to strong technical signals and rising investor interest.
Simon’s Cat Crypto: What’s Next For the Price? On 21 September 2024, Simon’s Cat soared to a new high of $0.0000464, setting a notable milestone. But the climb was short-lived as CAT slipped to $0.0000391, dropping 6.5% in a day. This slide came on the heels of a bearish breakout, underscoring the altcoin market’s recent volatility.
Despite the slowdown, CAT’s Relative Strength Index (RSI) presents a glimmer of hope for a possible rebound. The RSI displayed early signs of bullish divergence, where the price achieved higher highs while the RSI recorded lower lows.
Did someone put @SimonsCat on a rocket 🚀 to the moon? 🌕 pic.twitter.com/wQ0JX54LSB
— Cryptobundance (@XENbundance) September 21, 2024
Momentum could be shifting, opening the door for a rally that might see CAT eye the $0.000041 resistance and its previous high. Yet, the wedge breakout hints at more declines. If the selling frenzy continues, CAT might seek support at $0.0000352, potentially dipping to $0.0000308 before rebounding.
EXPLORE: What are Bitcoin ETFs? A Beginner’s Guide (Updated 2024)
Market Sentiment And Future Prospects Simon’s Cat is in a tight spot after hitting an all-time high and sliding back.
The bullish divergence in the RSI, which is sitting at oversold levels near 39.1, hints at a potential rally soon, but traders should tread carefully as the MACD signals fading momentum.
Breaking above $0.0000405 could reignite optimism, aiming for $0.0000464 again. On the flip side, further drops could test crucial support levels.
(CATUSDT) Simon’s Cat is riding the current market momentum, with the number of token holders jumping to 217,680 and exchange volumes on the rise. Fewer tokens on exchanges hint that more are tucked away in wallets, signaling long-term resilience.
Keep an eye on wider macroeconomic moves in the short term, such as the price of Bitcoin and the next Fed rate cut in November.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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A widely followed crypto analyst known for making timely altcoin predictions is turning bullish on memecoins.
Pseudonymous trader Bluntz tells his 276,300 followers on the social media platform X that multiple meme tokens are witnessing big breakouts, leading him to believe that memecoin season is here.
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One altcoin on his radar is the Solana (SOL)-based memecoin Bonk (BONK).
“BONK is in my Noah’s ark portfolio, nice channel breakout today as well.
Things are about to get silly with memecoins again, in my opinion.”
Source: Bluntz/X Looking at the trader’s chart, he seems to predict that BONK will surge to $0.000045. At time of writing, BONK is worth $0.000023, up over 7% on theday.
Bluntz also predicts that memecoins will continue to witness massive rallies en route to outperforming most crypto assets.
“Memecoin supercycle is real, the problem was most people’s timing was just way off.
Choose your fighters, get into position and chill, don’t sell too early.”
The crypto trader specifically mentions a handful of memecoins that he thinks will lead the crypto market rally, including Pepe (PEPE), Bonk, dogwifhat (WIF), Popcat (POPCAT) and Simon’s Cat (CAT).
Bluntz also offers his outlook on Bitcoin (BTC). The trader previously predicted that Bitcoin would first witness a correction down to the $57,500 level before igniting a parabolic surge to $95,000.
But the analyst now says that BTC’s price action as of late is leading him to believe that Bitcoin will likely spark a parabolic rally without any major dip.
“In light of today’s price action, I think it looks like we’re just gonna rocket higher without the dip part. Still max long.”
Bitcoin is trading at $65,809 at time of writing, a fractional increase on the day.
BNB Chain-based meme coin Simon’s Cat nabbed substantial investor attention on Monday as the CAT price skyrocketed against the backdrop of a listing by a leading cryptocurrency exchange. Notably, the token’s price soared over 40% intraday as Binance unveiled a perpetual contract launch for its users. Meanwhile, market enthusiasts continue to speculate whether the coin could reach a new ATH in light of its recent futures listing.
CAT Bags Major Listing Reverberating Optimism Over Price Ahead According to an official Binance announcement dated October 21, the futures trading division of the crypto exchange is set to launch 1000CATUSDT perpetual contract today at 12:30 UTC. As per the announcement, users can leverage up to 75x while trading the asset on the platform. The expansion of trade offerings for the BNB Chain-based meme token aligns with the exchange’s plans to tap into emerging markets and expand the list of choices offered to users.
Further, it’s noteworthy that the tick size for the asset is set at 0.00001, per the announcement. Also, the capped funding rate for Simon’s Cat is +2.00% / -2.00%. However, Binance may adjust the specifications of the aforementioned perpetual contract from time to time, subject to market risk conditions. These potential changes could encompass adjustments in the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements. Nevertheless, the announcement by the leading crypto exchange has ignited bullish torrents for the token, as seen by its recent price trajectory.
Meme Coin Soars 40% CAT price soared by a staggering 40% today in light of the listing announcement mentioned above. The coin’s intraday low and high were registered as $0.00002296 and $0.00003555, respectively. Intriguingly, the broader market appears to have reacted bullishly to the listing announcement as the crypto’s 24-hour trading volume surged 330% to $108 million. Further, the weekly and monthly charts also underscored gains worth 28% & 81%, respectively.
Moreover, Coinglass data showed that 1000CAT futures OI surged 92% t0 $15.80 million following the listing. Further, even the derivatives volume upsurged 397% to $35.53 million, underscoring heightened investor interest in the asset. This bullish momentum also aligns with the abovementioned listing.
Meanwhile, another report by CoinGape Media spotlights that Simon’s Cat price skyrocketed nearly 45% the previous month as Bybit commenced futures trading for the token. Overall, crypto market enthusiasts continue to eye the meme coin for further price action shifts in light of the listing.
Can CAT Reach Reach A New ATH Crypto analyst ‘Bonk Guy’ provided a bullish outlook for the CAT price and suggested that the meme coin could soon surpass its current all-time high (ATH) of $0.0000464, recorded last month. He mentioned in an X post that there was a very high likelihood that Binance would soon list Simon’s Cat for spot trading following the futures listing. He also cited that the meme coin remains the top cat coin on the BNB chain and is backed by FLOKI, which he claimed has “sort of been a kingmaker on the BNB chain.”
Bonk Guy expects CAT to follow a similar to Popcat (POPCAT) and Cat in a Dogs World (MEW), which are the top cat coins by market cap. Therefore, he believes the meme coin is still undervalued at its current market cap of $251 million.
From an internet animated series with 1.6 billion views to a popular cat-themed token, Simon’s Cat has won over the netizens. The token is one of the highly demanded cryptos with $259.32M in market capitalization. It has also offered highly profitable days, achieving an ATH of $0.0000464 just a month ago. Moreover, the demand is persistent, as the CAT hashtag is trending on X today.
Why is Simon’s Cat (CAT) Trending On X? Since the beginning of the year, meme coins have dominated the crypto market. As a result, a new demand for Cat-themed tokens formed, including one for Simon’s Cat, due to its reference to the popular animated series. More importantly, the token is up by 147.44% since the launch, presently trading at $0.00003835, which is significantly high.
The token is again in demand for three reasons. It includes the rising demand for meme coins, as meme-themed tokens like Moodeng and Goatseus Maximus are bringing all the attention to this category. Additionally, its 60% surge in the last seven days has brought additional attention, as the market conditions are not entirely favorable. Despite that, it is calling for the need for profiting tokens like Simon’s Cat. With this, it is closer to its ATH and only needs a significant push to grow 17% more to surpass that.
This demand peaked when the Binance exchange listed 1000CATUSDT perpetual futures, leading to a 100% rally on October 21, 2024. At that time, the CAT price grew from $0.00002 to $0.00004, showing an impressive performance. A similar rally might happen again as the OKX exchange has also listed the CAT/USDT pair.
🟢 #NewListing
$CAT/USDT @SimonsCatMeme Spot trading is LIVE on #OKX!
Will CAT Price Hit A New ATH Anytime Soon? Right after its launch, the CAT price began following an uptrend with a few falls in between. However, despite that, it peaked at an all-time high before following a complete downtrend from September end until a few days ago. Thankfully, with the Binance perpetual contract listing, the token had the biggest price jump, doubling in value and gaining a new price trajectory.
However, that is on hold today, as the entire crypto market is down, affecting the investor’s sentiments and trading activities. As a result, the price is consolidating with a few technical factors indicating the presence of sellers. Despite that, there is strong buying pressure on the token, which could push it higher if the bulls gained dominance again. More importantly, Simon’s Cat is moving away from the first resistance at 0.000047193 towards the support at 0.000020793, indicating further consolidation. However, if it bounced from the support towards the resistance, an uptrend might begin following the high demand among investors.
What’s In There For You? Simon’s Cat is the fourth biggest Cat-themed meme coin per market capitalization, which explains its demand in the market. The eyes are NOW on the Bitcoin price rally, as many crypto analysts predicted heavy gains before year-end. If that happened, it might evolve as a high-return opportunity for other tokens like CAT as well. More importantly, the 60% surge over the week indicates the possibility for future gains as the demand among investors is rising with the OKX exchange CAT listing. As a result, this could boost the CAT price closer to an ATH in the long run, as it is only 17% away. However, with the market’s downfall, the uptrend is on a halt. If the bulls failed to show dominance, the price might decline further, but if the chart moved towards the first resistance at $0.000047193, an uptrend might begin.
CAT secures $8.75M holdings as the only BSC meme coin in Wintermute’s top 20. Bull flag signals breakout with a 61.94% gain ahead. Simon’s Cat [CAT] is priced at $0.00004858, trading between $0.00004322 and $0.00004953 in the last 24 hours. Its market cap reached $327.91 million, with a 40.53% surge in trading volume to $57.66 million.
Currently, the price is 21.53% below its all-time high of $0.000062, recorded on 14th November.
Institutional backing and growing credibility CAT has gained significant traction, making its way into Wintermute’s portfolio, a renowned market maker. Wintermute’s holdings highlight CAT’s growing credibility, with its inclusion in a list dominated by Ethereum-based tokens.
This achievement underscores the token’s potential as a leading contender in the meme coin ecosystem, drawing both institutional and retail investor interest.
With $8.75 million in holdings, CAT is now the only Binance Smart Chain (BSC) token listed in the top 20 meme coin market-making positions, reflecting a commitment to market liquidity and stability.
Such backing not only enhances investor confidence but also facilitates increased trading activity, giving CAT a competitive edge in the volatile meme coin space.
Technical Analysis: Bullish setup and breakout potential CAT’s price action suggests a bullish setup, supported by the formation of a bull flag pattern visible on the 4-hour chart.
Source: TradingView After a 100% price rally, CAT consolidated within a descending channel, indicating a healthy pause in the upward trend. The current price breakout attempt from the bull flag structure points toward a potential continuation of the uptrend.
Key resistance levels to watch include $0.000082012, which aligns with a measured move of the bull flag breakout.
If CAT maintains upward momentum, it could achieve an additional 61.94% gain from its current position.
Indicators such as the Awesome Oscillator show mixed momentum, while the Chaikin Money Flow indicates positive buying pressure at +0.06.
However, failure to sustain above $0.000040277 could result in retesting lower supports.
CAT futures open interest indicates strong market engagement Between 5th November and 20th November, CAT saw its open interest climb to a peak of $10 million, accompanied by a steady price increase.
Source: Coinglass This surge reflected growing confidence in the token and strong speculative interest from traders. Even after the peak, open interest stabilized between $8 million and $9 million, maintaining consistent market activity despite minor fluctuations.
This heightened interest was mirrored in trading volumes, which spiked sharply on November 15, reaching over $300 million during a significant price movement.
However, volume has since decreased by 39.76%, stabilizing at lower but consistent levels, suggesting sustained interest from active traders.
Future outlook: What’s next for CAT? Looking ahead, CAT’s ability to maintain the bull flag breakout will be crucial for its continued upward momentum. A sustained push beyond $0.000082012 could spark additional buying pressure and attract new participants to the market.
Read Simon’s Cat [CAT] Price Prediction 2024-25
However, any failure to sustain the breakout could lead to a retest of the consolidation zone, possibly stalling momentum.
While the meme coin market remains highly volatile, CAT’s strong technical setup, combined with Wintermute’s institutional backing, creates a solid foundation for growth.
Key NotesBinance will distribute 1.143 trillion CAT tokens (12.7% of max supply) and 2.67 billion PENGU tokens (3% of total supply) to eligible users who participated in the December 9-12 subscription window, with tokens arriving shortly before trading begins.Both tokens will list on December 17, with CAT trading starting at 09:00 UTC and PENGU at 14:00 UTC.The HODLer Airdrops program streamlines the reward process by automatically calculating distributions based on users' hourly average BNB balances in Simple Earn products during the eligibility period. Binance has announced the addition of two new projects, Simon’s Cat (CAT) and Pudgy Penguins (PENGU), to its HODLer Airdrops program. This initiative rewards Binance users who hold and subscribe their BNB tokens to the Simple Earn feature, providing an effortless way to earn new tokens.
The subscription window for these airdrops ran from December 9 at 00:00 UTC to December 12 at 23:59 UTC. Users who participated during this period have automatically qualified for Simon’s Cat (1000CAT) and Pudgy Penguins (PENGU) token rewards. Airdrop distributions were calculated based on snapshots of users’ BNB holdings in Simple Earn products during the eligibility period.
Eligible users will receive their tokens in their Spot Wallets within 24 hours of the announcement, and the tokens will arrive an hour before trading opens.
Airdrop Details and Token Distribution Binance announced CAT will list on December 17 at 09:00 UTC, with pairs against USDT, BNB, FDUSD, and TRY. The token has a 9 trillion max supply, with 8.1 trillion in circulation. For this airdrop, Binance is distributing 1.143 trillion CAT tokens, accounting for 12.7% of the maximum supply. Upon listing, the circulating supply will increase to 7.89 trillion tokens, equivalent to 88% of the total supply.
PENGU will go live for trading later on the same day at 14:00 UTC, with trading pairs identical to CAT. Unlike CAT, the entire supply of 88.89 billion PENGU tokens has already been minted. Airdrop rewards will distribute 2.67 billion PENGU tokens, representing 3% of the total supply. Upon listing, approximately 62.42 billion tokens (70.22% of the total) will be in circulation.
Effortless Rewards Through Binance HODLer Airdrops To participate in the HODLer Airdrops, Binance users must subscribe their BNB tokens to either Flexible or Locked Simple Earn products. The platform uses historical snapshots of user balances during the subscription period to calculate rewards, making this a straightforward process for users seeking passive earnings. The exchange explained:
“Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances in Simple Earn products (Flexible and/or Locked).”
The exchange stated that what distinguishes the HODLer Airdrops from other earning methods is that it allows users to easily earn extra tokens. With HODLer Airdrops, Binance continues to offer innovative ways for its community to access promising new projects while rewarding long-term BNB holders.
CAT has surged by more than 45% in the last 24 hours, with trading volume up 550%. Meanwhile, Pudgy Penguins will launch its PENGU token on Solana by late 2024, with a supply of 88.89 billion tokens.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
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.
