MEXC to list Poodlana, the viral meme coin that has raised $7.1m

Poodlana, the popular upcoming meme coin that has raised over $7.1 million in its presale has confirmed its first tier-1 exchange listing. 

In a statement, the developers noted that MEXC will list it on August 19, three days after its token sale ends. This listing will be followed by an unnamed tier-1 exchange, which some analysts believe could be Binance, OKX, or even Coinbase.

Poodlana’s token sale has been highly successful. Unlike other projects that run their sales for months, it has lasted for a few weeks. Most importantly, the token will start trading on Raydium just 60 minutes after the token sale ends on August 16. Raydium has become the biggest DEX in the Solana ecosystem, where it handles billions of mollars each day. Data by CoinMarketCap shows that the network handled over $463 million in assets.

Poodlana hopes to be the biggest meme coin 

The token listing comes at a time when Poodlana hopes to become the biggest meme coin in the world. Its goal is to disrupt popular dog-themed coins like Floki, Shiba Inu, and Dogecoin. 

It also aims to disrupt other animal-themed tokens like Pepe, Popcat, and Brett, which have all done better than Bitcoin this year. 

To achieve that, Poodlana has positioned itself as the Hermes of the crypto industry. While there are many luxury goods brands in the market like LVMH, Dior, and Burberry, Hermes has emerged as the most prestigious ones. Its stock has continued to outperform other brands in the past few years. 

Poodlana is also named for Poodle, a highly popular Japanese dog breed that often costs more than Floki and Shiba Inu.

Cryptocurrencies are rising

Poodlana’s token sale is coming at a time when cryptocurrencies have bounced back. Bitcoin has rebounded from last week’s low of $49,000 and has jumped to over $61,0000. Similarly, other tokens like Helium and Fantom have bounced back.

This recovery has also coincided with the ongoing stocks recovery. Major indices like the Nasdaq 100, S&P 500, and Dow Jones have jumped by more than 4% from their lowest points this month. 

The rebound has happened at a time when investors have raised their bets that the Federal Reserve will start cutting interest rates as soon as in its August meeting. It will join other central banks like the BoE, ECB, and Swiss National Bank in slashing these rates.

Historically, cryptocurrencies like Bitcoin and Ethereum and meme coins like Floki, Pepe, and Dogelon Mars do well when the Fed has a dovish tone. At the same time, Poodlana has selected to use Solana, which has become the most favorite blockchain for meme coin creators. Some of its most popular Solana meme coins are the likes of Book of Meme, Popcat, and Dogwifhat. You can buy the Poodlana token here.

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