Solana-based meme coin Poodlana (POODL) is set to achieve a milestone as it prepares for its first centralized exchange (CEX) listing on MEXC.
Solana-based meme coin Poodlana (POODL) is set to achieve a milestone as it prepares for its first centralized exchange (CEX) listing on August 19. This follows a successful presale that raised $8 million and a recent launch on the decentralized exchange (DEX) Raydium.
The exchange will initially list the POODL/USDT trading pair in its Zone. Deposits are already open, following the successful conclusion of the POODL Launchpad event on MEXC.
The exchange is currently ranked 11th globally by trading volume and is among the top three exchanges in terms of markets. With a daily trading volume that surpasses $1.4 billion and support for over 800 coins, MEXC will offer Poodlana exposure to a vast global audience.
Poodlana crypto will be making its debut on MEXC, a cryptocurrency exchange that is renowned for its vast market presence and impressive trading volumes. This listing marks a significant step in the project's goal to expand its reach and enhance the accessibility of the POODL token.
According to the announcement, the POODL/USDT trading pair will be made available in MEXC's Zone, and deposits for the token have commenced. This follows a successful POODL Launchpad event on MEXC that concluded on August 16.
The exchange supports a wide range of fiat currencies, including USD, EUR, KRW, TRY, and JPY, catering to traders from diverse regions. Notably, MEXC is ranked 11th globally in terms of trading volume and is among the top three exchanges in the world when it comes to the number of markets. With a daily trading volume that exceeds $1.4 billion, Poodlana crypto is set to gain exposure to a vast global audience through this partnership.
This CEX listing comes at an interesting time in the crypto market. Recent data from CoinShares reveals a mixed picture for digital asset investment products. While overall inflows reached $30 million in the past week, with Bitcoin seeing significant inflows of $42 million, the narrative was different for some key cryptocurrencies.
Bitcoin led the inflows with $42 million, followed by multi-asset digital products with $10 million and physical gold ETC with $5.4 million. At the same time, Ethereum experienced slower growth with just $4.2 million in inflows, while Solana faced substantial outflows of $39 million.
However, the sentiment for SOL appears to be bullish, with the meme coin market on Solana being poised for a potential revival. Poodlana crypto is strategically positioned within this space, and its increasing visibility could contribute to its performance.
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