- The withdrawal of Joe Biden has induced some market volatility with $113M value of traded liquidated.
- Buyers are flocking to Poodlana (POODL) presale, which has up to now raised over $1.92M.
- Poodlana (POODL) plans DEX itemizing inside 60 minutes of change itemizing.
The surprising withdrawal of US President Joe Biden from the 2024 presidential race has led to a big crypto market volatility. Inside half-hour of the announcement, $67 million in leveraged lengthy positions have been liquidated.
Nonetheless, amidst this chaos, Poodlana, a brand new entrant within the meme coin market, has captured investor consideration with its high-fashion branding and profitable presale, elevating practically $2 million.
Market chaos following Joe Biden’s withdrawal
Joe Biden’s sudden exit from the 2024 presidential race despatched shockwaves by means of the cryptocurrency market.
Between 5:30 pm and 6:00 pm UTC on July 21, the market noticed $67 million value of leveraged lengthy positions liquidated, triggered by a 2.3% drop in Bitcoin’s value to $65,880.
This fast decline was a part of a broader 12-hour interval that witnessed a complete of $81.1 million and $53.4 million in lengthy and quick positions, respectively, being worn out based on CoinGlass information.
Bitcoin and Ether have been probably the most affected, with Bitcoin experiencing $43.8 million in liquidations and Ether $31.1 million.
The market response may be attributed to the uncertainty Biden’s withdrawal launched. Markus Thielen, founding father of cryptocurrency agency 10x Analysis, famous that Biden was seen as a weak candidate towards Trump, and his exit left no credible various, resulting in elevated market volatility.
Apparently, a large purchase order throughout this era helped Bitcoin get better swiftly, reaching a 24-hour excessive of $68,480 and inflicting merchants with quick positions to incur $34 million in losses.
Poodlana (POODL) emerges as a brand new funding haven
Amid the market turmoil, Poodlana (POODL), branded as “The Hermès of Crypto,” has managed to draw substantial investor curiosity.
Launched at a value of $0.02, Poodlana’s token value has rapidly risen to $0.023. The presale value is rising each 72 hours, elevating the stakes for traders to take a position early earlier than the value rises.
At press time, Poodlana had raised a powerful $1,918,665.37 in lower than every week for the reason that launch of the presale.
The presale, scheduled to run for 30 days from July 17, has drawn consideration attributable to its strategic positioning and high-fashion branding.
Not like typical presales, Poodlana gives quick token availability post-presale, aligning with its dedication to transparency and equity.
The presale’s success can also be fueled by the broader resurgence of meme cash. Buyers have proven renewed curiosity in meme-based digital property, with established tokens like Dogecoin (DOGE), Bonk (BONK), Pepe (PEPE), and dogwifhat (WIF) experiencing vital beneficial properties.
Over the previous week, Dogecoin has seen a 16% enhance, Bonk has seen a 25% enhance, Pepe has seen a 25% enhance, and dogwifhat has seen a 49% enhance.
This development underscores a rising urge for food for meme cash, positioning Poodlana as a promising funding.
Future prospects for Poodlana and the meme coin market
Poodlana plans to listing on decentralized exchanges (DEX) like Raydium inside 60 minutes of the presale’s conclusion on August 16, making certain quick visibility and liquidity.
The venture additionally goals to launch a classy staking platform, providing engaging rewards for token holders.
Moreover, Poodlana has deliberate shock airdrops and bonuses to rejoice key milestones, enhancing its attraction to traders.
The venture emphasizes international outreach, notably focusing on Asia and worldwide markets. Collaborations with high influencers, high-end trend manufacturers, and life-style platforms are within the pipeline to amplify its presence.
Poodlana’s strategic deal with creating an unique, high-fashion model within the crypto house units it other than typical meme cash, attracting trendsetters and high-profile traders.
Notably Poodlana’s entrance into the crypto market coincides with an elevated curiosity in meme cash as Solana based mostly meme cash like Pooodlana carry the day.
Conclusion
Amidst the exacerbated crypto volatility following the withdrawal of by Joe Biden from the presidential race, Poodlana emerges as a beacon of alternative for traders. Its profitable presale, coupled with strategic branding and future plans, positions it effectively within the evolving meme coin market.
As Poodlana gears up for its first change itemizing and broader market integration, it represents compelling funding alternative for trend and crypto lovers.
If curious about buying Poodlana (POODL), go to the official web site.
