Binance Spot To List Simon’s Cat and Pudgy Penguins – Are These New Meme Coins Next?

1 week ago 14

The world’s leading crypto exchange is back to its meme coin listing spree.

Binance will list Simon’s Cat (CAT) and Pudgy Penguins (PENGU) on its spot market on Tuesday, December 17th.

These are the 4th and 5th projects of Binance’s Holder Airdrop program, which rewards BNB holders with token airdrops.

There is intense speculation on which meme coins could be listed next on Binance, with Catslap and Wall Street Pepe rumoured to be two standout choices.

Is It Too Late To Invest In CAT And PENGU?

Simon’s Cat continues to establish itself as a blue chip meme coin, capable of delivering outsized returns.

The multi-chain token, live on both Solana and BNB Chain, secured a Binance Futures listing earlier this year. Since then, it has been on the radar of smart money investors and has seen heavy whale bidding.

For instance, prominent crypto trader Poseidon sold his Ethereum holdings for Simon’s Cat last week. The timing couldn’t be better, considering the CAT price surged by nearly 50% following its Binance spot listing and hit a new all-time high.

You all questioned me yesterday about why I’m selling my $ETH for $CAT,

Here’s the answer. pic.twitter.com/9LF14FRobL

— Poseidon (@CryptoPoseidonn) December 16, 2024

Poseidon believes that Simon’s Cat is still undervalued at its $0.00006 price. His targets for the meme coin include $0.00007 and $0.00008 in the short term and $0.000105 in the mid-term.

If his projections pan out, it may not be too late to invest in Simon’s Cat after all.

Legendary crypto investor Unipcs, aka “the Bonk Guy”, is also bullish on the CAT coin, expecting it to flip Popcat’s market capitalization in 2025. Interestingly, Binance Spot has listed CAT ahead of Popcat.

Binance will also launch Pudgy Penguins (PENGU) on Tuesday. However, sidelined investors should be careful in buying this meme coin, considering it could initially see selling pressure due to the airdrop program.

Whales and insiders have received millions in the PENGU airdrop and could secure their profits following its Binance launch.

Nevertheless, prominent experts like Wizard Of SoHo believe it to be an excellent long-term investment.

Which New Meme Coins Are The Next Binance Listings?

Binance has been listing new meme coins for months now and doesn’t appear to be stopping anytime soon.

Following the exchange’s first cat coin listing, a new meme coin Catslap (SLAP) is also drawing Binance rumours.

The most viral memes birth the best-performing meme coins. Inspired by the viral “slapping cat” meme, Catslap is no different.

The meme coin shot to fame after its explosive 8,400% rally following its fair launch. The token price has corrected since as whales and early buyers are taking profits. Typically, this is exactly when Binance announces its listing.

Catslap is a meme coin with strong fundamentals. It has a deflationary token supply, thanks to its burn events and buyback program. Even its viral slap-to-earn game contributes to deflationary tokenomics.

The project also has strong community support, as evidenced by the success of its staking program, social media following and holder count. Most importantly, Catslap is a low-cap meme coin, with just a $21 million valuation and could therefore still deliver outsized returns to new buyers.

A new frog-themed meme coin, Wall Street Pepe (WEPE), is also drawing Binance rumours owing to its strong community support.

The meme coin has raised over $25 million in its ICO in just over two weeks, thanks to its Pepe The Frog packaging, community-centric tokenomics and rewarding staking protocol. However, its key selling point is an upcoming VIP group, which promises to deliver alpha calls and market insights to all WEPE holders.