Coinbase, the third-largest centralized exchange, has announced the listing of Popcat (SOL) and Pudgy Penguins (PENGU) on the Solana network. This news has resulted in significant price rallies for both meme coins. Trading for POPCAT and PENGU will commence on February 13, with spot trading and perpetual futures trading being available on different platforms. Popcat saw a surge of over 25% in gains, while Pudgy Penguins increased by more than 12%. This price increase aligns with the "Coinbase Effect," where tokens experience substantial surges after being listed on the exchange. However, it remains to be seen if these gains can be sustained once trading begins.



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