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Viral Solana presale coin, Poodlana, lists in just 2 days, with its presale having already raised over $7.1 million.
The token, which pioneers a new niche in crypto—FashionFi—is currently priced at $0.0499; prices go up every 48 hours until public trading begins on Raydium, one of the leading decentralized exchanges at noon UTC, 16th August.
The Catwalk So Far
Poodlana has been rapidly raising money ever since its debut on 17th July.
The project raised $1 million on its opening day, which rose to $4 million after two weeks. Now, with over $7.1m in the bank, Poodlana is ready to list on the open market, and looking to be swept up by the same levels of trading volume that other meme coins on Solana have experienced in 2024.
The East dominates meme coin trading, and with high fashion and poodles being highly popular in the Far East, Poodlana’s poodle/fashion theme is a direct addressing of these two trends.
The presale is drawing in more and more investment as the stage-based percentage increases play out.
The Times Are A-Changin
Ethereum ETFs began trading on 23rd July, ushering in a new era of institutional adoption for altcoins. This could be just the beginning, though. Presidential candidate Donald Trump, who now brands himself “the crypto president,” has announced that he will fire crypto hawk SEC chair Gary Gensler on day one of his presidency. Given Gensler’s unpopularity with the crypto community, this could spell increased confidence in the markets.
A Trump SEC is viewed as likely to approve ETFs for Solana, Poodlana’s home on the blockchain, meaning institutional legitimacy could be headed POODL’s way as soon as 2025. However, Trump’s support for crypto doesn’t end there. The former president recently announced plans to create a US strategic Bitcoin reserve—a move that would likely pump the price of Bitcoin and, in turn, alts like Poodlana.
The news of Trump’s extended support for the industry pushed BTC back over the $68k mark on 29th July, reigniting a crypto market that needed just this sort of good news. Altcoins, including Poodlana, saw massive presale inflows following the news. Trump’s support for crypto, especially his plans to create a US strategic Bitcoin reserve, is expected to boost the entire crypto market, including Poodlana, significantly.
2024 and Beyond
With the potential for Solana ETFs go get approved and the pro crypto legislation that could be delivered by either Democrats or Republicans, feeling bullish about a Solana meme coin like Poodlana is far from irrational. And with a direct focus on the Asian market, Poodlana is looking to place itself at the center of all the bullishness that could arise over the next year or longer.
Visit the Poodlana website today for more information about POODL tokens.
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2024-08-14 13:01:32
