Poodlana token sale nears $8M ahead of Raydium listing

Poodlana, the fast-growing Solana meme coin, is ready to checklist on Raydium, on Friday after working one of the profitable token gross sales of the yr. 

Poodlana token itemizing is nearing

With 4 hours to go, the builders have raised over $7.9 million from traders, a determine that might prime $8 million.

Poodlana, in contrast to different cryptocurrencies that spend months earlier than itemizing in exchanges, will begin buying and selling virtually instantly after the sale ends. Exactly, it’s going to begin buying and selling on Raydium, only one hour after that. 

Raydium has grown into the most well-liked Solana DEX. Information by DeFi Llama reveals that the community has over $910 million property within the ecosystem. On the identical time, it has dealt with over $2.7 billion price of transactions within the final 7 day and is continuous to achieve market share. 

Raydium will not be the one change that’s anticipated to checklist Poodlana. MEXC, one of many greatest crypto exchanges on the planet, has pledged to checklist the token on August nineteenth whereas the builders have hinted {that a} main tier 1 change – 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 greatest meme cash on the planet. After its launch, the builders will proceed advertising the token in a bid to make it the most well-liked asset in crypto. 

The following section will contain constructing the ecosystem, resembling 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 essential within the meme coin business, which is usually short-term. Simply this yr, many meme cash like MOTHER, DADDY, and WATER surged, attracted consumers, and have now imploded.

Poodlana’s enchantment

Poodlana hopes to alter the short-term nature of meme cash. As a part of its enchantment, the builders have named it after Poodle, a extremely well-liked Japanese canine that always sells for more cash than different manufacturers like Shiba Inu and Floki.

On the identical time, it’s a luxurious model that sees itself as Hermes, the most well-liked model among the many elite. Whereas most luxurious model shares like Kering and Burberry have slumped, Hermes inventory has risen to the very best level on file.

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 might bounce again quickly.

We’re getting 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 top of the summer time season, and the top of the American election. You should purchase the POODL token right here.