Coinbase Drops Big News: POPCAT and PENGU Join Solana

Coinbase just dropped some big news that’s got a lot of people talking. They’re adding two new tokens to their platform: $POPCAT and $PENGU. These tokens are on the Solana blockchain, which is known for being super fast and having low fees.

Now, trading for these tokens is supposed to start on or after February 13, but only if there’s enough liquidity. That means there need to be enough people buying and selling to keep things stable. Once that’s sorted, you’ll be able to trade $POPCAT and $PENGU for USD.

$POPCAT is a fun token that’s been getting a lot of attention from the community. $PENGU, on the other hand, is part of the Pudgy Penguins ecosystem, which includes NFTs and DeFi stuff. Both tokens have already seen their prices jump since the announcement. POPCAT went up by over 25%, and PENGU by 12%. This is what we call the “Coinbase Effect,” where tokens often see a big price boost when they’re listed on such a major exchange.

Coinbase’s CEO, Brian Armstrong, recently pointed out that if Coinbase were a bank, it would be the 21st largest in the US, with $0.42 trillion in assets under management. This shows just how big and influential Coinbase is. And now, with the addition of POPCAT and PENGU, they’re showing their commitment to expanding their offerings and supporting the growth of the Solana ecosystem.