- Only a little over a week remains until Poodlana’s initial exchange listing.
- Bull-market investors eager to buy major cryptocurrencies on pullbacks are showing equally strong interest in meme coins.
- XRP rose 18.53% over the past 24 hours following a favorable ruling on Wednesday.
Following a recent crypto sell-off known as Black Monday, bulls have been ready to buy assets on dips, which helped spark a rebound. Those same investors are also seeking to lock in gains in the latest viral project, Poodlana.
In particular, reduced investor fear and a favorable federal court decision on Wednesday helped propel XRP up 18.53% in the last 24 hours.
Ruling favors Ripple
On Wednesday, federal judge Analisa Torres ordered Ripple Labs Inc. to pay a $125 million fine for securities law violations. That amount is far below the $900 million civil penalty and $1 billion in damages plus prejudgment interest the SEC had sought.
The SEC’s decision not to appeal and the publication of the ruling helped push XRP into positive territory for a third consecutive day. Bulls are now working to keep the price above $0.60 after it fell below that level a week earlier.
https://x.com/attorneyjeremy1/status/1821281782324719876
This decision matters not only for Ripple but for other altcoins like Solana and Polkadot. It increases the likelihood that the SEC may begin to accept and ultimately approve more exchange-traded funds (ETFs) tied to crypto.
Poodlana token listing draws near
Meanwhile, meme coin fans are eagerly counting down the end of the Poodlana pre-sale and its upcoming listing on Raydium. The intense hype around the project has positioned it as one of Solana’s biggest listings of 2024 and has prompted comparisons to Dogecoin’s performance.
Just 10 days after launch, the meme coin — which quickly gained traction across Asia and beyond — raised over $3 million in its pre-sale. With eight days remaining at the time of reporting, that total had grown to $5.6 million.
Poodlana’s appeal stems from several factors. The project blends two globally attractive sectors: cryptocurrency and fashion, inspiring the team to brand the token as the “Hermès of crypto.”
Amid the hype and facts, investors and the wider crypto community face a key question: if Poodlana can achieve this level of traction in under 30 days, how high might its value climb when it enters the open market?
Notably, some tokens impose lock-up periods lasting months or even a year. Poodlana takes a different approach: its first exchange listing is scheduled for August 16 at 12:00 UTC — just 60 minutes after the pre-sale ends.
That timeline creates a narrow window to acquire POODL tokens at a significant discount. The current price shown on the project’s website is $0.0458. In roughly two days the next pricing tier will rise to $0.0499, and prices will continue to increase every 72 hours until reaching the listing price of $0.06. Those who buy at the current rate stand to realize notable gains once the token enters the market. You can purchase POODL tokens here.