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Cryptocurrency News Articles

Poodlana Rallies 75% After Presale Success Catches the Eye of Mainstream Crypto Media

Aug 20, 2024 at 08:05 pm

After raising an eyebrow-raising $8m in its presale, viral meme coin Poodlana has impressed in its first 48 hours of public trading.

Poodlana Rallies 75% After Presale Success Catches the Eye of Mainstream Crypto Media

Viral meme coin Poodlana has soared in its first 48 hours of public trading after raising an eyebrow-raising $8m in its presale.

The POODL token went live on Raydium, the most popular Solana DEX, at 12 p.m. UTC on Friday, 16th August, just one hour after the presale ended. The feeding frenzy continued on the open market, with POODL climbing to a $14 million market cap.

Yesterday, Poodlana listed on top-ten centralized exchange MEXC, adding further fuel to the fire. Expect that fire to blaze even hotter when POODL lists on an as yet unnamed exchange—rumored to be Binance—this Friday, 23rd August.

Poodlana's blockbuster opening

Poodlana's exceptional open market performance so far will be no surprise to anyone who followed “Crypto Fashion Month”—the 30-day flash presale that saw POODL tokens capture the hearts of the global crypto community.

2024's most stylish meme coin arrived in style on 17th July, raising $1m in the presale's first 24 hours. The charge was led by Asian investors—infamous for driving meme coin surges—who rallied around an exciting new token apparently designed just for them.

Poodlana's exquisite combination of a to-die-for poodle mascot and unmatched high fashion luxury struck a chord with Asia: a global hotspot for both poodle ownership and luxury goods markets. Finally, here was a meme coin tailored to the Asian market, not just a Trump coin or Iggy Azalea's rear end stamped on a token—and Asia responded gleefully.

The presale went on to pull in $8m as investors from beyond the East cottoned on to the burgeoning trend. Taking note of previous Asian sensations that went onto explode in the West—like PeiPei, the “Chinese PEPE” that rallied by over 2,700,000% since launching in June—savvy traders in the US and Europe jumped on the bandwagon, sending POODL even higher.

Now, even those beyond in-the-know gem hunting circles have Poodlana on their radars. After POODL's presale success caught the attention of mainstream crypto media outlets, every trader and his dog (pardon the pun) has his eyes locked on Poodlana as it spreads amongst a wider audience than ever before.

Next stop, exchanges

Poodlana's listing on the DEX of choice for Solana traders—Raydium, boasting monthly volumes as high as $28 billion—was just the beginning of its post-presale life.

With a major CEX listing already in the bag and another inbound this week, POODL is gearing up for a rally that could stretch to 100x or more. The token landed on MEXC on 19th August at 12 p.m. UTC, putting Poodlana on show for an audience of over 1.1 million visitors. The exchange turns over nearly $1.7 billion in volume every day, giving POODL access to a rabid community of investors gagging to ape into the next viral sensation.

But there's even more good news just around the corner, too. Poodlana has already confirmed that 23rd August will bring yet another CEX listing—another stamp of legitimacy sure to attract more investors. Rumors are circulating that this mystery exchange could be Binance: the world's most popular exchange, with a staggering daily volume of over $13 billion.

With this in mind, plus the already impressive performance of the POODL token, which has turned an $8 million presale raise into a $14 million market cap in just 48 hours after hitting the open market, it's clear to see that Poodlana could easily 100x in fairly short order.

And, if it can replicate the success of its fellow Asian-born meme coin PeiPei, a 100x prediction will look extremely conservative.

Head to Raydium or MEXC to buy Poodlana now. POODL will list on a further CEX on 23rd August.

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