Market
Poodlana token listing nears as Ripple ruling boosts sentiment
- Poodlana is slightly over a week away from its first exchange listing.
- The bulls keen on buying the dip in major cryptos have an equally large appetite for meme coins.
- XRP has been up by 18.53% over the past 24 hours following the favorable ruling on Wednesday.
After cryptos’ Black Monday, bulls have been keen on buying the dip, something that has yielded the observed rebound. It is these same bulls that are looking to lock in gains in the latest viral project, Poodlana.
Notably, the easing fear, coupled with the ruling by a federal judge on Wednesday, has also seen XRP rise by 18.53% over the past 24 hours.
Ripple’s favorable ruling
On Wednesday, federal judge Analisa Torres ordered Ripple Labs Inc. to pay a fine of $125 million for violating securities law. This is significantly below the $900 million in civil penalties and $1 billion disgorgement & prejudgment interest sought by SEC.
The unsuccessful attempt by the commission to appeal the ruling, and the subsequent publishing of the judgment, saw XRP trade in the green for the third day in a row. The bulls are striving to sustain it above $0.60000 after dropping below it a week ago.
https://x.com/attorneyjeremy1/status/1821281782324719876
The verdict is important for Ripple and other altcoins like Solana and Polkadot. For one, it means that there are higher chances that the SEC will start receiving and ultimately approve more Exchange Traded Funds (ETFs).
Poodlana token listing approaches
Meanwhile, enthusiasts of meme coins are eagerly awaiting the end of Poodlana’s presale and its subsequent listing on Raydium. The outstanding hype surrounding the project positions it to be the biggest Solana listing of 2024, possibly even outperforming Dogecoin.
Just 10 days after the meme coin launch that went viral across Asia and beyond, it raised over $3 million in its presale. With 8 more days to go, this figure has risen to $5.6 million as of the time of writing.
This one-of-a-kind traction is founded on several aspects. To begin with, the poodle-inspired project is a combination of two sectors with a major global appeal; cryptocurrency and fashion. Hence the presentation of the meme coin as the “Hermes of Crypto”.
Hype and facts alike, meme coin investors and the overall crypto community have one question driving their decision; if Poodlana can achieve this in less than 30 days, how much more will it be worth upon hitting the market.
Interestingly, some tokens have been subject to a lock-up period of several months or even a year. This is quite different from Poodlana whose first exchange listing will be on 16th August at 12:00 PM UTC – just 60 minutes after the end of its presale.
As such, it’s a brainer – this is the apt time to purchase POODL tokens at a major discount. Its current price as indicated on its website is $0.0458. In about two days, the next stage price will be at $0.0499 and will continue rising every 72 hours to a listing price of $0.060. This means that those who buy at the current price will already have significant gains locked in when it hits the markets. You can buy the POODL token here.