Poodlana Claims $2.3 Million as Ethereum ETFs Make Historic Debut

• Ethereum ETFs have burst onto the scene with a bang, raking in over $1 billion in trading volume on their first day. This explosive debut has solidified interest in meme coins, and has propelled viral presale Poodlana (POODL) to a $2.3 million raise as its opening week wraps up.
• The newly launched ETFs saw a net inflow of $106.78 million in their first 24 hours, with BlackRock’s trust leading the pack with $266.5 million. This victory for Ethereum has sparked a renewed frenzy in the altcoin market, particularly in the meme coin sector, with institutional approval greenlighting large-scale investment in memes.

A rising tide lifts all boats

Ethereum’s market cap sits at a quarter of Bitcoin’s market cap, and so proportionally, initial trade volume matches the $4.5 billion posted by Bitcoin ETFs on their first day. This has injected fresh optimism into the crypto space, and the successful debut of these ETFs signals growing mainstream acceptance of crypto beyond just Bitcoin, paving the way for increased adoption of altcoins and specifically meme tokens.

Poodlana, the fashion-forward meme coin spearheading crypto’s vogue revolution, has been a prime beneficiary of this euphoria. As investors seek out high-potential altcoins in the wake of the ETF launch, POODL has seen a surge in interest and trading volume. This new wave of inflows builds on the $1 million Poodlana raised on its first day, with the total figure now sitting at over $2 million.

Poodlana’s unique blend of meme coin appeal and high-fashion aesthetics has positioned it perfectly to capitalize on current market sentiment. Stylish investors in Asia initially led the charge, unable to resist their affinity for poodles and luxury: both huge status symbols in the East, and both key features of Poodlana.

And now, as Ethereum gains more institutional backing, investors around the world are increasingly looking to diversify their portfolios with meme coins like POODL, seen as leveraged “beta bets” on Layer-1 adoption, and Poodlana’s discounted presale is proving too fabulous to pass up on.

SOL vs. ETH: Battle of the meme chains

While Solana, Poodlana’s home, and Ethereum have traditionally been seen as rivals, the market seems to have put all differences aside this week, and for good reason. Both chains are constantly vying for meme coin supremacy, with Solana arguably taking the lead this year, but ultimately this regulatory move is a positive for everyone in the space.

As Bitcoin ETFs opened the door for Ethereum back in January, this week’s events lay the foundation for even further mainstream adoption, and with Solana ETFs already in the pipeline for 2025, the floodgates appear to be opening in full.

Indeed, Solana memes dominate the green today: cat in a dogs world (MEW) and dogwifhat (WIF) have the lion’s share of gains today, up by over 100% and 20% respectively, while top ERC-20 tokens like SHIB and PEPE leave something to be desired. This indicates that the market is more bullish on the future implications of the SEC’s approval, and suggests that Solana will once more end up on top.

This, of course, benefits Poodlana hugely. POODL begins public DEX trading at 12 PM UTC on 16th August, just one hour after its presale ends, and bulls will be pushing for a sustained pump thereafter. This current SOL optimism will no doubt lend a hand, and looking ahead, the ever-more-likely approval of ETFs—underscored by ETH’s success—could be the long-term fuel needed for a pump into 2025.

Gains on the clock

Due to Poodlana’s timed presale structure, investors still have a chance to purchase what could be the best “beta bet” on Solana, just as its Asian-led initial surge translates into global markets.

23 days remain to purchase POODL at a discounted rate, with the price currently sitting at $0.027. But with that figure increasing in just 2 days, and then every 72 hours, chances are becoming thin to get the best deal possible: don’t wait for FOMO to ramp up any more if you want the best entry possible for Poodlana.

Visit the Poodlana website to buy POODL tokens and learn more.