Key takeaways
- Spot Ethereum ETFs began trading on Tuesday and recorded a trading volume of $1 billion on the first day.
- The Poodlana presale is approaching $2.5 Million roughly a week after it launched.
Spot Ethereum ETFs are now live
On Tuesday, July 23rd, spot Ethereum exchange-traded funds (ETFs) launched in the United States. This latest development comes roughly six months after spot Bitcoin ETFs went live in the world’s largest economy.
Data obtained from Bloomberg revealed that investors traded over $1 billion worth of shares of the Ether ETF issuers on the first day of their availability. SoSoValue further revealed that of the $1 billion traded, there was a net inflow of $106.7 million. With Bitcoin and Ether ETFs now live, cryptocurrencies are becoming more mainstream, granting institutional investors access to the two leading digital currencies.
What is Poodlana?
The launch of Ethereum ETFs is an indication that cryptocurrencies are going mainstream. Investors continue to troop into the space as new projects offer unique utilities for real-world problems.
Poodlana is one of the latest projects that seek to improve the crypto meme ecosystem. It is a new Solana meme coin designed to introduce the glamor of high fashion to the crypto world.
The developers have the ambition of making Poodlana the leading dog-themed meme coin on the planet. Poodlana is focusing on the ethos of community-driven growth while providing investors with unique value.
Thanks to the popularity of the Poodlana dog breed in Japan, Korea, and China, the development team is leveraging this and the love of meme coins in these countries to build a strong community.
Poodlana wants to become a bigger dog-themed meme coin, surpassing the two giants, Shiba Inu and Dogecoin.
Poodlana’s presale hits $2.3m in seven days
The Poodlana presale began seven days ago and will last for 30 days. The project has raised more than $2.3 million in the last seven days, a testament to the huge demand Poodlana has amongst investors.
In the current stage, the POODL token goes for $0.0265 but will increase to $0.0299 in the next presale stage. Investors can purchase this token using SOL, BNB, ETH, USDT, USDC, and Fiat/card payment options.
Unlike the numerous projects launching in the ecosystem, Poodlana will not have a lock-up period for their tokens. The POODL presale will end on August 16 and the listing on exchanges will take place immediately after.
Click here to learn more about the Poodlana presale.
Poodlana allocates 50% of total tokens to presale
Poodlana is adopting a simple tokenomics model to ensure that there is total transparency amongst its community members and investors. The team will issue 1 billion POODL tokens, with 50% going presale.
The remaining 50% will be shared amongst marketing (15%), rewards (5%), partnerships (5%), treasury (10%), and liquidity (15%). 100% of tokens will be unlocked on day one, ensuring there are no lock-ups or vesting periods.
Poodlana will burn unsold tokens right after the presale, ensuring the deflation of the token, (which could lead to a price increase). The token will also be listed on decentralized exchanges (DEXs) once the presale ends.
Why buy the Poodlana tokens?
Meme coins have become a crucial part of the cryptocurrency ecosystem, with several of them having a market cap of $1 billion and above. Thanks to their appeal, Poodlana could join this rank of meme coins in the future.
Poodlana is taking advantage of the popularity of the Poodlana dog breed and is building a community that could see it challenge Shiba Inu and Dogecoin.
The swift presale and listing of this token in addition to its transparency could make it one of the most highly sought-after meme coins in the crypto space.