KEY TAKEAWAYS
- Kraken has listed two new tokens, Moo Deng (MOODENG) and Peanut the Squirrel (PNUT), available for trading against USD and EUR.
- Both tokens are based on the Solana blockchain and are memecoins driven by community engagement and viral appeal.
- Trading for these tokens is live on Kraken and Kraken Pro, with specific trading parameters and restrictions in place.
- These tokens are not available for trading in Germany, highlighting regional trading restrictions.
Kraken has announced the addition of two new tokens, Moo Deng (MOODENG) and Peanut the Squirrel (PNUT), to its trading platform. Trading for these tokens went live at 15:00 PM UTC on December 18, 2024. The announcement was made here.
To trade these new assets, users can navigate to the ‘Funding’ section of their Kraken account, select the desired asset, and proceed with the deposit. It is crucial to deposit tokens into networks supported by Kraken, as deposits made using unsupported networks may be lost.
Trading Parameters and Availability
The new tokens are available for trading on both Kraken and Kraken Pro platforms. Moo Deng (MOODENG) can be traded against USD and EUR with a price decimal precision of 0.0001, a minimum order size of 20, and a minimum deposit of 20. Similarly, Peanut the Squirrel (PNUT) is tradeable against USD and EUR with the same price decimal precision, a minimum order size of 5, and a minimum deposit of 5.
Trading via the Kraken App and Instant Buy will become available once liquidity conditions are met, ensuring a sufficient number of buyers and sellers are present in the market. However, it is important to note that these tokens are not available for trading in Germany (DE).
Background on Moo Deng and Peanut the Squirrel Tokens
Moo Deng (MOODENG) is a memecoin inspired by a pygmy hippopotamus residing at the Khao Kheow Open Zoo in Thailand. The token, based on the Solana blockchain, is popular among fans of the hippo, who engage with the community on platforms like X and Telegram. As a memecoin, MOODENG’s value is driven by community engagement and the viral appeal of Moo Deng the hippo.
Peanut the Squirrel (PNUT) pays tribute to a rescued eastern gray squirrel from New York City, who gained significant popularity on Instagram before being euthanized by the NYSDEC. Like MOODENG, PNUT is a Solana-based memecoin, with its value stemming from its meme appeal and the strength of its community.
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