Solana meme coins Dogwifhat (WIF), Bonk (BONK) and Popcat (POPCAT) are in the green despite a broader crypto downturn that saw millions of dollars in bullish bets wiped out.
As WIF, BONK and POPCAT look to add to the gains seen in the past few hours, a new excitement is brewing across the Solana market as investors eye the Poodlana (POODL) meme coin.
WIF, BONK up as Solana-based meme coins show resilience
Dogwifhat’s 5%, Bonk’s 7% and Popcat’s 10% are not the only gains within the Solana meme coins market. Ponke is up, Mother Iggy is up and Gigachad is soaring with over 45% in the past 24 hours.
The upside for the top Solana meme coins and the recently launched ones comes as Bitcoin’s dip risks the flagship crypto asset’s plunge to $50k or lower. But meme coins are likely to surge further as alts also dither.
While Dogecoin and Shiba Inu are among top meme coins to slump in the past 24 hours, interest remains high across the ecosystem. This week, derivatives exchange BitMEX launched its Meme Basket Index Perp, which it said is like “the S&P500 for crypto memecoins.” The contract, which will track the performance of the top meme coins, will include a basket with PEPE, DOGE, SHIB, and WIF among others.
Investors are however likely to look at real gems in the market, and one of the big markets offering potential opportunities is the Solana meme coin space. The upcoming Poodlana (POODL) presale could be such an opportunity.
Why is Poodlana (POODL) the next big Solana meme coin?
A Business Insider story last week highlighted how a Hong Kong-based investment banker spent over $38k on a vacation for the Millennial’s poodle. The individual says they took their dog to Japan on two occasions to give them a “luxurious vacation.”
What does this have to do with Poodlana (POODL)? Watch this.
Well, poodles are a top 3 dog breed in Asia, most importantly in Japan, Korea, and China.
In these countries, poodles are more than a friend, they are fashion accessories. They are part of the glitterati of high-end fashion. Asia is also a big market for crypto, with recent meme coin launches in the region going viral to see prices skyrocketing.
Combine the fashion glamor of poodles and the enthusiasm around cryptocurrency and what you get is Poodlana.
POODL will be a 30-day presale
Poodlana announced its upcoming presale this week, but the 30-day token sale goes live on July 17. The presale will be in 10 stages, with each last three days and price increasing after each stage starting from $0.0200 to $0.0539.
During the presale, 500 million POODL representing 50% of the total supply of 1 billion will be available. Exactly after 30 days – on August 16, the token sale will end. Within the next hour, Poodlana will list on its first decentralized exchange (DEX).
Unlike other projects, Poodlana will not be about the uncertainty that investors often endure with other presales projects. Investors will know what this means and will be ready to pounce when POODL hits the presale on July 17.
Visit the Poodlana website here to learn more.
