Poodlana, the fast-growing Solana meme coin, is ready to checklist on Raydium, on Friday after working one of probably the most profitable token gross sales of the yr.
Poodlana token listing is nearing
With 4 hours to go, the builders have raised over $7.9 million from traders, a determine that would high $8 million.
Poodlana, in contrast to different cryptocurrencies that spend months earlier than listing in exchanges, will begin buying and selling virtually instantly after the sale ends. Precisely, it is going to begin buying and selling on Raydium, only one hour after that.
Raydium has grown into the most well-liked Solana DEX. Data by DeFi Llama reveals that the community has over $910 million property within the ecosystem. At the identical time, it has dealt with over $2.7 billion price of transactions within the final 7 day and is continuous to realize market share.
Raydium isn’t the one trade that’s anticipated to checklist Poodlana. MEXC, one of the most important crypto exchanges on the earth, has pledged to checklist the token on August nineteenth whereas the builders have hinted {that a} main tier 1 trade – most certainly Binance or OKX – will checklist it on August twenty third.
Listing the Poodlana token is just the start of what is predicted to be an extended journey to make the POODL token one of the most important meme cash on the earth. After its launch, the builders will proceed advertising the token in a bid to make it the most well-liked asset in crypto.
The subsequent section will contain constructing the ecosystem, corresponding to introducing staking, the place customers can earn returns. They can even launch extra airdrops and bonuses to reward long-term holders.
The ecosystem development is essential within the meme coin business, which is usually short-term. Just this yr, many meme cash like MOTHER, DADDY, and WATER surged, attracted patrons, and have now imploded.
Poodlana’s attraction
Poodlana hopes to vary the short-term nature of meme cash. As half of its attraction, the builders have named it after Poodle, a extremely fashionable Japanese canine that always sells for extra money than different manufacturers like Shiba Inu and Floki.
At the identical time, it’s a luxurious model that sees itself as Hermes, the most well-liked model among the many elite. While most luxurious model shares like Kering and Burberry have slumped, Hermes inventory has risen to the very 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 well-liked crypto analyst, hinted that this boring section might be a type of accumulation and that cryptocurrencies might bounce again quickly.
We’re coming into the apathy/time capitulation section once more.
In the final 2 weeks:
• Crypto YT views are down ~-30%
• Coinbase app rating is down from #159 to #502
• Trading quantity is down -21% (Binance)Strap in. Things are getting boooooooring.
— Miles Deutscher (@milesdeutscher) August 14, 2024
The major catalyst for these cash would be the upcoming Federal Reserve rate of interest cuts, the top of the summer season season, and the top of the American election. You should buy the POODL token here.
