Crypto
Key Points
- Coinbase Assets added three coins to its roadmap: Morpho Token (MORPHO), Pudgy Penguins (PENGU), and Popcat (SOL) (POPCAT).
- The coin’s prices spiked between 5% and 19% following the announcement.
Earlier today, Coinbase Assets announced via an X post that it added three new assets to its listing roadmap:
- Morpho Token (MORPHO)
- Pudgy Penguins (PENGU)
- Popcat (SOL) (POPCAT)
The exchange also listed the Base contract address for MORPHO, and the Solana Network contract addresses for PENGU and POPCAT.
All three coins recorded price gains following the announcement.
MORPHO, PENGU and POPCAT Prices Spiked
MORPHO Price Trajectory
Ahead of Coinbase’s announcement, MORPHO was trading at $1.84, and following the exchange’s post, the coin spiked to almost $2.04, rising by over 6%.
After the spike, the coin’s price cooled down and it’s now trading at $2, having a market cap of over $434 million.
Morpho is a platform that allows anyone to earn yield and borrow assets. Lenders can earn on Morpho using Morpho Vaults, which are noncustodial simple-to-use lending vaults that optimize yields for depositors.
Borrowers can borrow any assets directly from Morpho Markets.
PENGU Price Trajectory
Ahead of Coinbase’s announcement, PENGU had a market cap of $680 million, and after the exchange revealed its news, the coin’s market cap spiked to over $736 million, seeing an increase of over 5%.
At the moment of writing this article, PENGU is trading above $0.01 and has a market cap of over $718 million.
PENGU is the official coin of Pudgy Penguins and was listed by Binance on December 17. Pudgy Penguins is a Web3-born brand fostering creativity, freedom, and community.
POPCAT Price Trajectory
POPCAT was trading at around $0.22 ahead of Coinbase’s announcement and its price spiked to over $0.26 afterwards. seeing an increase of over 19% and reaching a market cap of almost $260 million.
Now, the coin is trading at above $0.24 and has a market cap of over $244 million.
POPCAT is a memecoin on Solana.
