Poodlana, the fast-growing Solana meme coin, is ready to checklist on Raydium, on Friday after operating probably the most profitable token gross sales of the 12 months.
Poodlana token itemizing is nearing
With 4 hours to go, the builders have raised over $7.9 million from buyers, a determine that would high $8 million.
Poodlana, not like different cryptocurrencies that spend months earlier than itemizing in exchanges, will begin buying and selling nearly instantly after the sale ends. Exactly, it would begin buying and selling on Raydium, only one hour after that.
Raydium has grown into the preferred Solana DEX. Information by DeFi Llama exhibits that the community has over $910 million belongings within the ecosystem. On the similar time, it has dealt with over $2.7 billion value of transactions within the final 7 day and is continuous to achieve market share.
Raydium is just not the one alternate that’s anticipated to checklist Poodlana. MEXC, one of many largest crypto exchanges on this planet, has pledged to checklist the token on August nineteenth whereas the builders have hinted {that a} main tier 1 alternate – probably Binance or OKX – will checklist it on August twenty third.
Itemizing the Poodlana token is just the start of what’s anticipated to be a protracted journey to make the POODL token one of many largest meme cash on this planet. After its launch, the builders will proceed advertising the token in a bid to make it the preferred asset in crypto.
The following section will contain constructing the ecosystem, reminiscent of introducing staking, the place customers can earn returns. They may even launch extra airdrops and bonuses to reward long-term holders.
The ecosystem progress is necessary within the meme coin business, which is usually short-term. Simply this 12 months, many meme cash like MOTHER, DADDY, and WATER surged, attracted consumers, and have now imploded.
Poodlana’s enchantment
Poodlana hopes to vary the short-term nature of meme cash. As a part of its enchantment, the builders have named it after Poodle, a extremely standard Japanese canine that always sells for more cash than different manufacturers like Shiba Inu and Floki.
On the similar time, it’s a luxurious model that sees itself as Hermes, the preferred model among the many elite. Whereas most luxurious model shares like Kering and Burberry have slumped, Hermes inventory has risen to the best level on report.
There are different causes to be bullish on Poodlana now that cryptocurrencies are retreating and the sentiment has waned. In an announcement, Miles Deutscher, a preferred crypto analyst, hinted that this boring section might be a type of accumulation and that cryptocurrencies may bounce again quickly.
We’re coming into the apathy/time capitulation section once more.
Within the final 2 weeks:
• Crypto YT views are down ~-30%• Coinbase app rating is down from #159 to #502• Buying and selling quantity is down -21% (Binance)
Strap in. Issues are getting boooooooring.
— Miles Deutscher (@milesdeutscher) August 14, 2024
The primary catalyst for these cash would be the upcoming Federal Reserve rate of interest cuts, the tip of the summer time season, and the tip of the American election. You should purchase the POODL token right here.
