POODL NFT drops on OpenSea, while POODL token gains 37%

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Key Takeaways:

• POODL AR PETS NFT collection dropped on OpenSea, in efforts to revive the POODL project.
• The POODL token price jumped 37% in 10 minutes, more than trippling its transaction volume.

YEREVAN (CoinChapter.com) – The NFT domain boomed throughout 2021 and shows no signs of stopping in early 2022. On Jan 11, POODL, a project that claims to be the “safest dog in crypto,” launched a 3D poodle collection on OpenSea, the largest NFT Marketplace. “POODL AR PETS” collection currently includes 12 NFTs, with more to come, says the team.

The POODL team announced the drop on Jan 11, informing the community that the NFTs will be usable in their Augmented Reality app and earn rewards for their holders.

Also read: Bored Ape Yacht Club accused of releasing racist NFT collection

Moreover, the collection will include additional attire for the poodles.

Each model is unique and accessorized. Be one of the first to own NFTs that will help usher in NFT 2.0 – usable, pinnable, scalable, movable, peaceable, and viewable in the real world and soon. Playable and providing a passive income stream for owners

reads the OpenSea describtion.

Where does the Poodle tokenomics lead?

POODL aims to go beyond the meme status and increase its utility as a true meme coin. However, POODL had a dog’s life in the past. According to the whitepaper, the previous owners of the project pulled a pump-and-dump scheme on the holders. They took off with the profits and “left the Poodl to die.”

However, the sappy story has a happy ending, the team claims. The latter picked up the project, revived the POODL token in March 2021, and attempted to expand, hence the recent NFT drop.

POODL has a supply of 100 trillion and traded at 0.000000048 on Jan 12, after a 37% jump. The token pumped within 10 min and added 240% to its trading volume. According to CoinGecko, the POODL price dropped 86% since its all-time high on Apr 21.

Additionally, the whitepaper presented the POODL tokenomics. It claims that 1% goes to the burn wallet after the transaction, 1% goes for redistribution (rewards to other holders), and 1% is equally divided between the Liquidity wallet, the Charity wallet, and the Marketing wallet.

Also read: METAMUSK Token, another cryptocurrency scam from Musk Metaverse?

The canine meme coin movement is far from over, as evidenced by the POODL token. The project’s team hopes to revive it after the past rug-pull and establish POODL’s utility through the recent NFT drop. Time will show if the POODL AR PETS collection will hold against the ever-growing NFT art.

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