- Poodlana is just one week away from its first exchange listing.
- Investors eager to buy the dip in major cryptocurrencies are showing equally strong interest in meme coins.
- XRP rose 18.53% over the past 24 hours following a favorable court ruling on Wednesday.
After a volatile “Black Monday” for crypto, bargain-hunting investors rushed to buy during the pullback, sparking the rebound that followed. Those same buyers are now looking to lock in gains in the latest viral project, Poodlana.
At the same time, easing regulatory fears and a federal judge’s ruling on Wednesday helped push XRP up 18.53% over 24 hours.
Favorable Ruling for Ripple
On Wednesday, U.S. federal judge Analisa Torres ordered Ripple Labs Inc. to pay a $125 million penalty for violating securities law. That amount is far below the $900 million civil penalty and roughly $1 billion in disgorgement and prejudgment interest the SEC had sought.
The SEC’s failed attempt to appeal the decision, along with the subsequent issuance of the ruling, kept XRP trading in the green for a third consecutive day. Investors have been working to hold the price above $0.60000 after it slipped below that level a week earlier.
This ruling matters not just for Ripple but for other altcoins like Solana and Polkadot. It increases the likelihood that the SEC may become more receptive to—and eventually approve—additional exchange-traded funds (ETFs).
Poodlana Token Listing Draws Near
Meanwhile, meme-coin enthusiasts eagerly await the conclusion of Poodlana’s presale and its subsequent listing on Raydium. The intense hype positions the project as one of Solana’s largest listings of 2024, with some even suggesting it could rival Dogecoin’s popularity.
Just 10 days after its viral launch across Asia and beyond, the token raised more than $3 million during its presale. With eight days remaining, that total had climbed to $5.6 million at the time of writing.
Poodlana’s appeal rests on several factors. The project, inspired by poodles, combines two globally popular sectors: cryptocurrency and fashion. That positioning has led to the token being promoted as the “Hermès of Crypto.”
Whether driven by hype or fundamentals, investors and the wider crypto community are asking the same question: if Poodlana can achieve this level of success in under 30 days, how much higher might its value climb once it hits the open market?
Notably, some tokens enforce long lock-up periods lasting months or even a year. Poodlana differs: its first exchange listing is scheduled for 16 August at 12:00 PM UTC—just 60 minutes after the presale ends.
That timeline creates an opportunity to buy POODL tokens at a sizable discount during the presale. The current price listed on the project website is $0.0458. In about two days the price will step up to $0.0499, and it will continue to rise every 72 hours until it reaches the listing price of $0.060. Buyers at today’s price could therefore see significant gains when the token begins trading.
You can purchase POODL tokens through the project’s official presale page.