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.