Poodlefast-growing meme coin Solana might be listed on the Raydium alternate on Friday after probably the most profitable token gross sales of the 12 months.
The record of Poodlan tokens is coming
With 4 hours to go, the builders have raised over $7.9 million from traders, a determine that would prime $8 million.
Poodlana, not like different cryptocurrencies that spend months earlier than itemizing on exchanges, will begin buying and selling nearly instantly after the sale ends. Extra particularly, he’ll begin buying and selling on Raydium, simply an hour later.
Raydium grew into the preferred Solana DEX. Information from DeFi Llama reveals that the community has over $910 million in property within the ecosystem. On the identical time, it processed over $2.7 billion price of transactions within the final 7 days and continues to achieve market share.
Raydium isn't the one alternate to record Poodle. MEXC, one of many largest crypto exchanges on the planet, has dedicated to itemizing the token on August nineteenth, whereas the builders have indicated {that a} main tier 1 alternate – more than likely Binance or OKX – will record it on August twenty third.
The launch of the Poodlena token is only the start of what’s anticipated to be a protracted journey to make POODL token one of many greatest meme cash on the planet. After its launch, builders will proceed to market the token in an effort to make it the preferred asset in cryptocurrencies.
The following section will contain constructing an ecosystem equivalent to introducing staking the place customers can earn income. It is going to additionally launch extra drops and bonuses to reward long-term holders.
Ecosystem progress is vital within the meme coin business, which is usually short-lived. Simply this 12 months, many meme cash like MOTHER, DADDY, and WATER have skyrocketed, attracted consumers, and now imploded.
Poodlan's enchantment
Poodlana hopes to vary the short-term nature of meme cash. As a part of its enchantment, the builders named it after the Poodle, a very talked-about Japanese canine that usually sells for more cash than different manufacturers just like the Shiba Inu and Floki.
On the identical time, it’s a luxurious model that’s thought-about Hermes, the preferred model among the many elite. Whereas shares of most luxurious manufacturers equivalent to Kering and Burberry fell, Hermes shares rose to an all-time excessive.
There are different causes to be bullish on Poodle as cryptocurrencies retreat and sentiment has dipped. In his assertion, Miles Deutscher, a well-liked cryptanalyst, he hinted that this uninteresting section might be a type of accumulation and that cryptocurrencies may quickly bounce again.
We’re re-entering the apathy/temporal give up section.
Within the final 2 weeks:
• YT cryptocurrency following down ~-30%
• Coinbase app rating dropped from #159 to #502
• Commerce quantity down -21% (Binance)Buckle up. Issues are off to an excellent begin.
— Miles Deutscher (@milesdeutscher) August 14, 2024
The primary catalyst for these cash would be the upcoming Federal Reserve rate of interest minimize, the tip of the summer time season and the tip of the US election. You should buy PODL token right here.
