Coinbase has made a significant move by listing Popcat (SOL) and Pudgy Penguins (PENGU) on the Solana (SOL) network, causing a frenzy in the market. Both meme coins saw a massive surge in value, with gains surpassing double digits.

The listing of POPCAT and PENGU on Coinbase has set the stage for an exciting trading experience. Trading for these tokens will kick off on February 13 at 9 AM PT, with spot trading for POPCAT-USD and PENGU-USD pairs being gradually introduced.

Coinbase will also offer perpetual futures trading for POPCAT and PENGU on Coinbase International Exchange and Coinbase Advanced, starting at 9:30 AM UTC on the same day. This move comes after Coinbase recently added these assets to its roadmap, with MORPHO yet to receive a confirmed listing.

POPCAT stole the show with an impressive gain of over 25%, marking a turnaround from its previous downward trend. Meanwhile, PENGU saw a notable increase of more than 12%, bouncing back from an all-time low just last week.

While the sharp price increase for these meme coins can be attributed to the "Coinbase Effect" - a trend where tokens listed on the exchange experience significant price spikes due to increased visibility and investor interest - the real test lies in whether POPCAT and PENGU can sustain these gains once trading is in full swing. Stay tuned to see how these meme coins perform in the coming days.