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Binance to Launch Pudgy Penguins and Simon's Cat Meme Coins on December 17

Binance is set to list Pudgy Penguins' PENGU token and Simon's Cat meme coin on December 17, with trading pairs including USDT, BNB, FDUSD, and TRY. Following the announcement, Simon's Cat surged over 60%, reaching an all-time high of $0.00006811, while PENGU will debut with a circulating supply of over 623 million tokens. However, concerns about Binance's listing practices persist, as many meme coins experience significant price spikes followed by sharp corrections, raising questions about the sustainability and fairness of these strategies.

meme coins gain momentum as bitcoin based tokens reach new highs

MicroStrategy has significantly increased its Bitcoin holdings, purchasing $2.1 billion worth last week, bringing its total to 423,650 BTC valued at nearly $42 billion. Meanwhile, meme coins like DOG•GO•TO•THE•MOON and Baby Doge Coin have surged in value, reflecting renewed interest in the crypto market as Bitcoin approaches $100,000. Notably, DOG token reached an all-time high of $0.0096, while Baby Doge Coin saw a 33% price increase, nearing its previous peak.
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