Market volatility put up Joe Biden withdrawal wipes out $113M as buyers flock to Poodlana

• The withdrawal of Joe Biden has brought about 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 alternate itemizing.

The sudden withdrawal of US President Joe Biden from the 2024 presidential race has led to a major crypto market volatility. Inside half-hour of the announcement, $67 million in leveraged lengthy positions had been liquidated.

Nevertheless, 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 brief positions, respectively, being worn out in response to CoinGlass information.

Bitcoin and Ether had been essentially the most affected, with Bitcoin experiencing $43.8 million in liquidations and Ether $31.1 million.

The market response will 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 in opposition to Trump, and his exit left no credible various, resulting in elevated market volatility.

Curiously, a large purchase order throughout this era helped Bitcoin get better swiftly, reaching a 24-hour excessive of $68,480 and inflicting merchants with brief 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 buyers to speculate early earlier than the value rises.

At press time, Poodlana had raised a formidable $1,918,665.37 in lower than per week for the reason that launch of the presale.

The presale, scheduled to run for 30 days from July 17, has drawn consideration as a consequence of its strategic positioning and high-fashion branding.

Not like typical presales, Poodlana affords rapid 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 belongings, with established tokens like Dogecoin (DOGE), Bonk (BONK), Pepe (PEPE), and dogwifhat (WIF) experiencing important features.

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 pattern 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 checklist on decentralized exchanges (DEX) like Raydium inside 60 minutes of the presale’s conclusion on August 16, guaranteeing rapid visibility and liquidity.

The venture additionally goals to launch an elegant staking platform, providing engaging rewards for token holders.

Moreover, Poodlana has deliberate shock airdrops and bonuses to have a good time key milestones, enhancing its attraction to buyers.

The venture emphasizes international outreach, significantly concentrating on Asia and worldwide markets. Collaborations with high influencers, high-end vogue manufacturers, and way of life 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 aside from typical meme cash, attracting trendsetters and high-profile buyers.

Notably Poodlana’s entrance into the crypto market coincides with an elevated curiosity in meme cash as Solana primarily based 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 buyers. Its profitable presale, coupled with strategic branding and future plans, positions it nicely within the evolving meme coin market.

As Poodlana gears up for its first alternate itemizing and broader market integration, it represents compelling funding alternative for vogue and crypto lovers.

If desirous about buying Poodlana (POODL), go to the official web site.