- Joe Biden's withdrawal brought on some volatility within the $113 million liquidation market.
- Buyers are flocking to the presale of Poodlan (POODL), which has raised greater than $1.92 million up to now.
- Poodlena (POODL) plans DEX itemizing inside 60 minutes of trade.
The surprising withdrawal of US President Joe Biden from the 2024 presidential race has led to important volatility in crypto markets. Inside half-hour of the announcement, $67 million in lengthy leveraged positions have been liquidated.
Amid this chaos, nevertheless, Poodlena, a brand new entrant to the meme coin market, caught the eye of traders with its high-fashion model and a profitable presale that raised practically $2 million.
Market Chaos After Joe Biden Withdraws
Joe Biden's sudden exit from the 2024 presidential race despatched shockwaves by way of the cryptocurrency market.
Between 17:30 and 18:00 UTC on July 21, the market noticed the liquidation of $67 million price of leveraged lengthy positions, triggering a 2.3% drop within the value of Bitcoin to $65,880.
That speedy drop was a part of a broader 12-hour interval by which a complete of $81.1 million in longs and $53.4 million in brief positions have been worn out, based on CoinGlass information.
Bitcoin and Ether have been essentially the most affected, with Bitcoin seeing $43.8 million liquidated and Ether $31.1 million.
The market response will be attributed to the uncertainty that Biden's withdrawal has launched. Markus Thielen, founding father of cryptocurrency agency 10x Analysis, famous that Biden was seen as a weak candidate towards Trump and his departure left no credible various, resulting in elevated market volatility.
Curiously, the huge purchase order throughout this era helped Bitcoin get well rapidly, hitting a 24-hour excessive of $68,480 and inflicting brief merchants $34 million in losses.
Poodlena (POODL) is rising as a brand new funding paradise
Amid market turbulence, Poodlena (POODL), dubbed “The Hermès of Crypto,” has managed to draw important investor curiosity.
Launched at $0.02, the value of the Poodle token rapidly rose to $0.023. The pre-sale value rises each 72 hours, elevating the stakes for traders to speculate earlier than the value rises.
At press time, Poodlana has grossed a formidable $1,918,665.37 in lower than per week since pre-sales started.
The pre-sale, scheduled for 30 days from July 17, has attracted consideration on account of its strategic location and high-fashion model.
Not like typical pre-sales, Poodlana presents quick token availability after the pre-sale, which is consistent with its dedication to transparency and equity.
The success of the pre-sale can also be supported by the broader revival of meme cash. Buyers have proven renewed curiosity in meme-based digital property, with established tokens similar to Dogecoin (DOGE), Bonk (BONK), Pepe (PEPE), and dogwifhat (WIF) posting important good points.
Over the previous week, dogecoin has seen a 16% improve, Bonk has seen a 25% improve, Pepe has seen a 25% improve and dogwifhat has seen a 49% improve.
This development underscores the rising urge for food for meme cash, making Poodlena a promising funding.
Future Prospects of Poodles and the Meme Coin Market
Poodlana plans to record on decentralized exchanges (DEX) similar to Raydium inside 60 minutes of the pre-sale closing on August 16, guaranteeing quick visibility and liquidity.
The challenge additionally goals to launch a sublime betting platform providing enticing rewards for token holders.
As well as, Poodlena has deliberate shock landings and bonuses to rejoice key milestones, growing its enchantment to traders.
The challenge emphasizes world attain, significantly specializing in Asia and worldwide markets. Collaborations are being ready with prime influencers, prime style manufacturers and way of life platforms that may strengthen its presence.
Poodlan's strategic deal with creating an unique, high-fashion model within the crypto area units it other than typical meme cash and attracts trendsetters and high-profile traders.
Particularly, Poodlana's entry into the crypto market coincides with elevated curiosity in meme cash, as Solana-based meme cash like Pooodlana carry the day.
Conclusion
Amid heightened cryptocurrency volatility following Joe Biden's withdrawal from the presidential race, Poodlana is rising as a beacon of alternative for traders. Its profitable pre-sale, together with its strategic branding and future plans, positions it properly within the evolving meme coin market.
As Poodlena prepares for its preliminary public itemizing and broader market integration, it represents a compelling funding alternative for style and cryptocurrency fans.
In case you are inquisitive about shopping for a Poodle (POODL), go to the official web site.
