CAT Price Soars 50% as Binance Expands Support for CAT and PENGU
Key Highlights:
- CAT price jumps 50% following Binance’s listing of CAT and PENGU.
- Binance introduces flexible staking, zero-fee trading, and leveraged futures.
- Memecoin demand rises, with CAT recording 31% weekly growth.
CAT’s price surged 50% in the past 24 hours after Binance announced the inclusion of Simon’s Cat (CAT) and Pudgy Penguins (PENGU) on Earn, Buy Crypto, Convert, Margin, and Futures products. This integration offers new earning and trading opportunities for users.
Expanded Trading and Earning Options on Binance
Binance continues to enhance its platform by supporting Simon’s Cat (1000CAT) and Pudgy Penguins (PENGU) across multiple services. Starting December 17, the tokens will be accessible for:
- Simple Earn: Flexible staking subscriptions.
- Convert: Zero-fee trading against BTC and USDT.
- Margin Trading: CAT and PENGU as borrowable assets on Cross and Isolated Margin.
- Futures: Perpetual contracts for PENGU with up to 75x leverage, catering to advanced and institutional traders.
The rollout introduces diverse options, including leveraged trading and risk management tools, positioning Binance as a hub for innovative crypto solutions.
Market Surge for CAT and PENGU
The announcement led to a 50% increase in CAT’s price, now trading at $0.00005919. The token has also posted a 31% weekly gain and a 70% quarterly increase, reflecting growing investor interest in memecoins.
Binance’s strategic listing aligns with rising demand for memecoins and aims to incentivize participation through initiatives like the ongoing HODLer airdrop, further boosting liquidity and engagement.
By integrating CAT and PENGU into its platform, Binance strengthens its leadership in the crypto market, offering flexible, user-friendly opportunities for retail and institutional traders alike.
