Key takeaways
- Five spot Ethereum ETFs, including Fidelity, will launch on July 23.
- Poodlana’s presale has raised nearly $1.7 million as more investors join the project.
Ethereum ETFs go live next week
The Chicago Board Options Exchange (CBOE), the largest U.S. options exchange, has announced that five spot Ethereum exchange-traded funds (ETFs) will begin trading on July 23.
The funds include the Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and 21Shares Core Ethereum ETF.
With both Bitcoin and Ether ETFs now available to U.S. investors, cryptocurrencies are increasingly moving into the mainstream, which could drive adoption and investor interest higher.
What is Poodlana?
As the crypto market reaches broader adoption, new projects are emerging to offer investors additional utility and opportunities. Poodlana is one of the latest projects worth watching.
Poodlana is a new meme token on Solana designed to bring high-fashion appeal to the crypto world. The project aims to become the leading dog-themed token globally, embracing community-driven growth while offering investors a distinctive value proposition.
The design draws inspiration from one of the top dog breeds in Japan, Korea, and China. The development team plans to leverage the dog’s popularity and the strong meme-token culture in these markets to build a robust and engaged community.
Poodlana presale raises $1.7 million in three days
Poodlana’s presale began three days ago and will run for 30 days. So far the project has raised about $1.7 million, with the token currently priced at $0.023. In the next presale stage, the POODL token will be offered at $0.0265. Investors can purchase tokens using SOL, BNB, ETH, USDT, USDC, or fiat/card payment options.
The team has stated there will be no vesting period for tokens — no gaming mechanics, just straightforward token distribution. The POODL presale ends on August 16, and the token will be listed shortly thereafter.
According to the project website, the presale is structured in 10 stages, with a price increase every three days.
Click here to learn more about the Poodlana presale.
Poodlana has a total supply of 1 billion tokens
Poodlana’s tokenomics are straightforward, with the team emphasizing transparency for community members and investors. The whitepaper states a total supply of 1 billion POODL tokens, with 50% allocated to the presale.
The remaining 50% is allocated as follows: marketing 15%, rewards 5%, partnerships 5%, treasury 10%, and liquidity 15%. The team says 100% of tokens will be unlocked on day one, ensuring there are no vesting schedules or earning periods.
After the presale concludes, Poodlana will burn unsold tokens. Presale investors will be able to claim their tokens immediately after the sale, and the token is expected to list on decentralized exchanges (DEXs) when the presale ends.
Should you invest in Poodlana?
Poodlana is an ambitious project aiming to become the world’s largest dog-themed meme token. The project leverages the appeal of the Poodlana dog and seeks to build a community that could position it as a challenger to established meme tokens like Shiba Inu and Dogecoin.
The 30-day presale creates a limited window for investors to participate before listing. The project’s focus on transparency and rapid execution may help attract additional interest. As with any crypto investment, potential investors should conduct their own research and consider their risk tolerance before participating.