Poodlana Is Gaining Momentum as the New Solana Meme Coin Targeting the Luxury Market
- WBOYOriginal
- 2024-07-19 11:18:381120browse
Poodlana, an upcoming Solana meme coin is gaining momentum. The most up-to-date data shows that the token has raised over $808k from global investors
Solana has become the go-to blockchain for meme coin developers, with tokens like Dogwifhat (WIF), Popcat, Book of Meme (BOME), and Bonk emerging as some of the biggest players in the industry.
These meme coins have seen astronomical growth, thanks to the popularity of Solana, which boasts low transaction costs and fast speeds. As a result, users who transact in these tokens pay only a minimal amount in fees.
To illustrate just how low Solana fees are, consider this: Data compiled by TokenTerminal reveals that Solana has collected over $274 million in fees this year, even as its network transactions soared.
This puts Solana ahead of platforms like Uniswap and Lido Finance, which have earned over $260 million and $250 million, respectively. Even Ethereum, the second-biggest blockchain network, has made less than Solana, with a total of $1.7 billion in fees collected this year.
Solana meme coins have also benefited from the hype surrounding them, particularly following the successful launch of Bonk in 2023, which saw its market cap peak at $2.6 billion.
Additionally, Solana has integrated with Pump.fun, a platform that enables users to create their own tokens with ease. Some of the top Pump tokens include Iggy and Michi.
Poodlana is making waves
In other news, Poodlana, an upcoming Solana meme coin, is quickly gaining momentum.
The latest updates indicate that the token has already raised over $808k from global investors, less than 24 hours after it was launched.
A POODL token was selling for $0.02, and the price is set to increase to $0.023 over the next two days. In total, the token sale will conclude in the next 30 days, followed by a launch on Raydium, one of the largest Solana DEXs.
Users can purchase the POODL token using popular cryptocurrencies such as ETH, USDT, USDC, BNB, SOL, and cash.
Poodlana is inspired by the poodle, a popular Japanese dog breed. With this in mind, the developers are aiming for the token to outshine other dog-themed tokens like Dogecoin, Shiba Inu, and Floki.
Poodlana is also targeting the luxury market, describing itself as the "Hermes of crypto." Hermes, renowned for its Birkin bags, is among the leading luxury goods companies globally. As part of this theme, the developers will be hosting a weekly "meme catwalk," where users can win 2,500 USDT.
Some analysts anticipate that the current hype will propel Poodlana to new heights, driving up its price upon its debut on the exchange.
However, it's crucial to note that there's always a risk that the token may not perform as expected, so investors should only allocate funds they can afford to lose. You can buy the POODL token here.
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