Coinbase has added Morpho Token (MORPHO), Pudgy Penguins (PENGU), and Popcat (SOL) (POPCAT) to its itemizing roadmap. This replace goals to reinforce transparency within the asset itemizing course of, offering clear communication to merchants. However the timing is just a little bizarre, as market sentiment stays bearish regardless of Bitcoin’s try and reclaim the $100,000 mark, at the moment at $99,650. In the meantime, Solana has climbed again above $200, however the important thing query stays—will this rally maintain, or is it simply one other short-lived pump earlier than a significant correction?”
Property added to the roadmap at the moment: Morpho Token (MORPHO), Pudgy Penguins (PENGU), and Popcat (SOL) (POPCAT)https://t.co/rRB9d3hSr2
— Coinbase Property (@CoinbaseAssets) February 7, 2025
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Coinbase Expands Itemizing Roadmap – Potential Enhance for Popcat?
Coinbase listings have traditionally triggered combined reactions. Whereas they enhance visibility and accessibility, short-term worth volatility is frequent. Some analysts consider this transfer might help long-term adoption, whereas others anticipate preliminary sell-offs in a bearish market.
The newly added belongings embody:
- Morpho Token (MORPHO) – Base Community
- Pudgy Penguins (PENGU) – Solana Community (SPL Token)
- Popcat (SOL) (POPCAT) – Solana Community (SPL Token)
Moreover, QCAD (QCAD) on Ethereum, USDC on Aptos, and Bittensor (TAO) on the Bittensor blockchain have been included.
The itemizing of Solana-based meme cash, significantly Popcat (SOL) and Pudgy Penguins (PENGU), highlights the rising position of meme-driven belongings within the crypto ecosystem. If market sentiment improves, these belongings might expertise renewed investor curiosity, benefiting from larger buying and selling volumes and elevated mainstream recognition.
Whereas this market presents challenges, some buyers view this as a possibility to build up belongings earlier than potential market rebounds. Meme cash have demonstrated resilience in earlier cycles, usually outperforming expectations as soon as circumstances flip favorable.
POPCAT surged 40% from yesterday’s dip, reaching 0.02923 earlier than retracing to its present worth of $0.261. Whereas the Coinbase itemizing had a constructive affect, it fell quick in comparison with the numerous positive factors seen with PNUT and different beforehand listed meme cash. This displays the market’s cautious sentiment, significantly amongst Popcat buyers, who stay unsure concerning the itemizing’s general advantages within the present circumstances.
The addition of MORPHO, PENGU, and POPCAT might be a strategic transfer, positioning Coinbase forward of a possible market shift. With ongoing volatility, the approaching months will reveal whether or not this determination drives development or stays a short-term occasion.
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