Binance will list Pudgy Penguins’ native token PENGU alongside the Simon’s Cat meme coin on Dec. 17. After the Binance listing announcement, CAT went up nearly 65%.

In a company notice, major crypto exchange Binance announced plans to list PENGU, the native token for the NFT collection Pudgy Penguins, on December 17 at 14:00 UTC. Open trading will be available for PENGU paired with USDT, BNB, FDUSD, and TRY.

Alongside PENGU, Binance will also list the meme coin Simon’s Cat (CAT) on December 17 at 09:00 UTC. The token will be available for trading with USDT, BNB, FDUSD, and TRY pairs.

A few minutes after Binance (BNB) announced its listing debut, CAT spiked up by 64.42% according to data from crypto.news. The animal-themed meme coin is currently trading at $0.0000641, with a market cap of $433 million.

CAT ranks 27th on the meme coin leaderboard by market capitalization. The token’s fully diluted valuation is estimated at nearly $520 million.

Unlike CAT, which is already widely traded, this will be the first distribution of the PENGU token. PENGU will have a circulating supply of over 623 million tokens upon listing on Binance, representing approximately 70.22% of its total token supply.

Users who subscribed their BNB to Simple Earn products between December 9 at 00:00 UTC and December 12 at 23:59 UTC will be eligible for airdrops of both tokens. Airdrop information will be released within 12 hours of the notice, with tokens distributed to user wallets one hour before trading begins.

As previously reported by crypto.news, Pudgy Penguins announced the launch of its native token PENGU on December 6, though no specific launch date was given at the time. The Igloo Inc.-backed NFT collection stated that the maximum token supply would exceed 88 billion PENGU tokens.