Coinbase has included Morpho Token (MORPHO), Pudgy Penguins (PENGU), and Popcat (SOL) (POPCAT) in its listing roadmap. This step aims to foster greater transparency in the asset listing process and provide clearer communication to traders. However, the timing appears curious as market sentiment remains bearish, even though Bitcoin is looks to reclaim the $100,000 mark, currently valued at $99,650. Meanwhile, Solana is back above $200, raising the question: will this rally sustain or is it merely a fleeting increase before a significant correction?
Assets added to the roadmap today: Morpho Token (MORPHO), Pudgy Penguins (PENGU), and Popcat (SOL) (POPCAT)
— Coinbase Assets 🛡️ (@CoinbaseAssets) February 7, 2025
Coinbase Expands Listing Roadmap – Potential Boost for Popcat?
Historically, Coinbase listings elicit mixed reactions. While they generally enhance visibility and accessibility, short-term price fluctuations are frequent. Some analysts suggest that this move could facilitate long-term adoption, while others foresee initial sell-offs in a bearish market.
The newly added assets include:
- Morpho Token (MORPHO) – Base Network
- Pudgy Penguins (PENGU) – Solana Network (SPL Token)
- Popcat (SOL) (POPCAT) – Solana Network (SPL Token)
Furthermore, QCAD (QCAD) on Ethereum, USDC on Aptos, and Bittensor (TAO) on the Bittensor blockchain have been included.
The introduction of Solana-based meme coins, particularly Popcat (SOL) and Pudgy Penguins (PENGU), highlights the growing prominence of meme-driven assets in the crypto sphere. Should market sentiment shift positively, these assets might see increased interest from investors, benefitting from enhanced trading volumes and rising mainstream recognition.
Despite current market challenges, some investors view this as a chance to gather assets ahead of a possible rebound. Meme coins typically demonstrate resilience in prior cycles, often exceeding expectations when conditions improve.
POPCAT skyrocketed 40% from the previous day’s low, peaking at $0.02923 before dropping back to its current price of $0.261. While the Coinbase listing spurred some enthusiasm, it did not match the drastic gains observed with PNUT and other previously featured meme coins. This scenario illustrates the market’s cautious sentiment, especially among Popcat investors, who remain doubtful about the listing’s ultimate benefits under the current circumstances.
The addition of MORPHO, PENGU, and POPCAT could be a tactical move, positioning Coinbase advantageously ahead of any upcoming market transformations. With persistent volatility, the upcoming months will clarify whether this decision promotes growth or simply represents a short-term development.
