Coinbase Lists Popcat and Pudgy Penguins Tokens on Solana

• Coinbase adds support for POPCAT and PENGU on Solana.
• Trading starts on Feb 13, 2025, pending liquidity.
• Users must avoid sending these tokens on non-Solana networks.
  

Coinbase Expands Solana Token Listings

Coinbase has announced support for two new Solana-based tokens: Popcat (POPCAT) and Pudgy Penguins (PENGU). These tokens will be available for trading on or after 9 AM PT on February 13, 2025, provided there is sufficient liquidity. This move highlights the increasing adoption of Solana’s SPL token standard by major exchanges.

Important Reminder for Users

Coinbase has issued a cautionary note to users, advising them not to send POPCAT or PENGU tokens via networks other than Solana. Since these assets are SPL tokens, any transfer through unsupported networks could result in permanent loss of funds. Users should ensure they select the correct network when making deposits or withdrawals.

Solana’s Growing Popularity

The listing of POPCAT and PENGU further reinforces Solana’s position as a prominent blockchain for new tokens. With its high-speed transactions and low fees, Solana continues to attract innovative projects. Coinbase’s decision to support these tokens could boost their adoption and visibility in the broader crypto market.

Trading Conditions and Next Steps

Trading for both tokens will commence only if liquidity conditions are met. This means that there must be sufficient market activity and demand before full trading functionality is activated. Users looking to trade POPCAT and PENGU should stay updated through Coinbase’s official channels for further announcements.

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