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On Binance a double Airdrop: 1000CAT and PENGU for BNB holder
By Daniele Corno
Binance rewards BNB Holders with a double Airdrop: Distributed 1000CAT and PENGU tokens for those who deposited BNB in Earn
Simon's Cat (1000CAT): the first airdrop on Dec. 17
Binance announced a double airdrop with Simon’s Cat (1000CAT) and Pudgy Penguins (PENGU), rewarding users who subscribed BNB on Simple Earn between December 9 and 12, 2024.
The listing of 1000CAT started today, December 17 at 09:00 UTC, with trading pairs USDT, BNB, FDUSD and TRY. The news propelled the token to a 60 percent rally, touching a high of$0.00007811 and bringing its capitalization to $439 million USD.
This rapid rise is not surprising. Binance has often triggered significant movements with the introduction of memecoin on the platform. However, there is no shortage of criticism. Some analysts argue that these schemes are temporary pump-and-dump, exploiting the interest of the retail market. Analyst Tracer on X commented, “Binance is at it again, pumping ka memecoin CAT. This pattern will be repeated again because it is extremely profitable.” Concerns also stem from recent launches such as Magic Eden ( ME), which saw a 60 percent plunge soon after its debut.
Pudgy Penguins (PENGU): airdrop flies on Solana
The second protagonist, Pudgy Penguins (PENGU), will soon debut Binance on December 17 at 14:00 UTC, with identical trading pairs.
The project, already known for its connection with the famous NFT collection Pudgy Penguins, will see an initial circulating supply of 62.4 billion tokens, or 70.22 percent of the total supply. Again, the announcement generates excitement but recalls previous episodes, such as the collapse of Magic Eden (ME) and MOVE, both of which were launched on Binance and quickly subjected to strong corrections.
Critics such as Leonidas accuse Binance of following a new post-CZ strategy, focusing on low-capitalization memecoins to exploit explosive price movements, often to the detriment of retail traders.
