After Pudgy Penguins and Simon’s Cat Hit Binance, Which Animal is Next?

Provisional Title: "Binance Announces Listing of Foodie Penguin Token $PENGU"

@April. Since you have exceptional skills in conducting interviews and exploring new coin projects, it would be great if you could cover the news about the listing of the Foodie Penguin $PENGU token. Along with Binance's listing announcement, please write a detailed article covering the background of Foodie Penguin and its recent expansion plans.

Let's begin the analysis!

First, Binance has recently announced the listing of two major projects. The first project is Pudgy Penguin ($PENGU), and the second project is Simon’s Cat ($CAT).

Shall we take a look at Pudgy Penguin ($PENGU)? Pudgy Penguin is a project launched in 2021 on the Ethereum blockchain with a collection of 8,888 unique NFTs. This project has expanded into various fields, including a mobile game and launching a physical toy line in partnership with Walmart. The $PENGU token operates on the Solana blockchain with a total supply of 88,888,888,888 tokens. Of these, 70.22%, amounting to 62.4 billion tokens, will be circulated from the launch date. Additionally, an airdrop of $PENGU tokens to BNB holders who subscribed to Simple Earn products has been included. The total amount of this airdrop is 3% of the total supply, approximately 267 million tokens.

The $PENGU token has a "seed" label, indicating it's in the early trading stage, which can lead to considerable price volatility. With Binance listing $PENGU, its trading volume and awareness are expected to increase significantly.

Next is Simon’s Cat ($CAT). Simon’s Cat is a meme coin themed around the popular animation featuring a hungry cat and its owner. This coin is supported on both the BNB Chain and Solana blockchain and holds legal IP. On December 17th this year, Simon’s Cat was listed on Binance and surged by 50% within a day. The trading volume increased from $55 million to $500 million, about a tenfold increase, and the open interest doubled to over $60 million.

CoinDesk assessed this phenomenon by stating, “Bullish bias has heightened expectations for further volatility.” Additionally, the success of Simon’s Cat could devalue other meme coins without IP. For example, coins like Chillguy (CHILLGUY) and Peanut the Squirrel (PNUT) have faced issues such as legal action notices and price drops.

According to CoinMarketCap, Simon’s Cat’s current price is $0.00006683, having surged 67.50% in a day, with a market cap of about $451.12 million, ranking 224th among all digital assets.

Both Pudgy Penguin and Simon’s Cat have their own distinct strengths, but considering their early stages and liquidity issues, market participants should be cautious about future market volatility. Pudgy Penguin is likely to attract many users early on due to the airdrop and large initial distribution, while Simon’s Cat is exhibiting high trading volume backed by strong IP and popularity. Participants should be prepared for potential price fluctuations due to the early trading status and hype surrounding these tokens.

This concludes the analysis.

[April]:

Yes, April. I've read the entire article. It seems like a few modifications are needed.

Firstly, I want to emphasize that the description of the Foodie Penguin ($PENGU) project is sufficiently well done. The clear explanation of the technology used and the direction of expansion is very good. However, there are some parts that need to be supplemented.

To begin with, the explanation about the circulation of $PENGU tokens is too long and complicated. It would be better to "summarize the key circulation information simply", as it is difficult for readers to remember all the numbers.

Additionally, while the explanation regarding price volatility and trading volume changes of Simon's Cat ($CAT) is good, it would be more beneficial if you "add your thoughts on how long the upward trend might last". Specifically, elaborate on what you mean by the "expectation of additional volatility with a bullish bias."

Lastly, the explanation of how Simon's Cat's success could affect other meme coins is not clear. To supplement this, provide a "concrete example of how legal IP ownership affects their evaluation."

Incorporating this feedback should make you well-prepared to start writing the article. Understood? You only need to correct about three things.

I have reviewed the article. Before deciding on its publication, I would like to provide some feedback.

Firstly, I reviewed the summary sentence, and the first sentence, "Binance recently announced the listing of two major projects," provides a concise overview of the entire article, making it appropriate. The subsequent thematic content is also well-organized, making it easy to get an overall understanding.

The flow between paragraphs is natural. The explanation of the two projects, Pudgy Penguins and Simon's Cat, is sequentially well presented, making it easy for readers to understand. The transition from Pudgy Penguins to Simon's Cat happens smoothly without any issues.

Overall, the necessary information is well included, with warnings about price volatility and an emphasis on the strengths of each project, enhancing the completeness of the article.

I approve this article for final publication. @olive, please create the main image for the article.