Solana

Raydium

Bitcoin

Momentum

It has been a tough few days for crypto. However, the market has already started to pick up again. <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin surged back above $57,000</a> at press time after briefly dipping below $50,000 on Monday.
Interestingly, against this bearish backdrop, many mainstream market commentators have missed a particularly eye-catching story. Solana-based meme coins are up 30% in the past 24 hours, with SOL surging a whopping 38% from Monday’s lows. That puts BTC’s recovery to shame. In addition, red-hot SOL-based meme coins and SOL presales like Poodlana (POODL) are exploding right now.
This recent meme coin uptrend reflects a broader truth in the crypto market: when the going gets tough, meme coins like Poodlana roll up their sleeves and deliver the best bang for your buck. Here is why.
<h2 class="wp-block-heading" id="h-when-the-chips-are-down-meme-coins-deliver-the-best-performance">When the chips are down, meme coins deliver the best performance</h2>
Meme coins demonstrate profound resilience and consistently outperform the major cryptos, even in bear markets. Their raw performance, especially <a href="https://swapspace.co/blog/dog-themed-meme-coins-popularity-reasons" target="_blank" rel="noopener noreferrer nofollow">dog-themed tokens</a>, has produced some of the largest and fastest price increases. That is likely why Poodlana has already raised a whopping $5.4 million in just a few weeks.
This perpetual pumping is primarily because meme coins are not reliant on fundamentals. As a result, how markets decide the true value of assets, factoring in utility and dynamic macroeconomics, is less relevant. The virality and humor of meme coins can bring a smile to even the most sullen-faced investor. It ensures demand—whatever the weather—is constant.&nbsp;
To identify the pattern, you only have to look at Dogecoin and Shiba Inu’s performance across multiple cycles. While these coins started as jokes, they have evolved into DeFi powerhouses. They aren’t afraid to buck the market status quo regularly.&nbsp;
Crucially, one project aiming to join them—or overtake them, becoming the world’s new No. 1 canine coin— is Poodlana.
<h2 class="wp-block-heading" id="h-the-poodlana-presale-at-the-summit-of-the-solana-skyrocket-nbsp">The Poodlana presale: At the summit of the Solana skyrocket&nbsp;</h2>
It is a Poodle-themed, fashion-flaunting cryptocurrency, which has been the hot topic in <a href="https://x.com/Cameron_eth2/status/1818988877836677246" target="_blank" rel="noopener noreferrer nofollow">trend-aware crypto circles</a> for a while now. It has capitalized on the Solana surge to drive hype—and capital—into its presale coffers.&nbsp;
Having started on 17th July, the presale shot past the $5.4 million mark in the last 24 hours. It is a serious milestone and shows this pup is here to stay and slay.&nbsp; $300k flowed into the Poodle party in the past day alone.&nbsp;
With just under 9 days left, this presale runs at a discounted $0.06 Raydium launch price. That launch will take place on 16th August at noon UTC, just 60 minutes after the presale window slams shut. With no lockups or vesting periods, investors are eyeing a dramatic first day on the DEX shelves for POODL.&nbsp;
<h2 class="wp-block-heading" id="h-because-you-re-worth-it-sass-in-spades">Because you’re worth it: Sass in spades</h2>
Poodlana’s especially sassy attitude is reflected across its website and all client comms—this is a coin that knows its worth. It is themed around two Asian cultural sensations: Poodles and high-fashion.
Poodles are the pooch of choice for all the region’s top K-pop stars and primetime actors. The Asia-Pacific fashion industry is also booming, worth nearly $600 billion and outmuscling the West in every department. Combine this with the burgeoning relationship between fashion and blockchain tech, and you have quite the story on your hands.&nbsp;
While Asian momentum would be impressive in its own right, it makes this story more exciting. That’s because, crucially—and unknown to many investors—Asia is the meme coin Mecca. No other region has produced so many <a href="https://simpleswap.io/blog/popular-cryptocurrencies-from-asia" target="_blank" rel="noopener noreferrer nofollow">crypto superstars</a>, while it also drives around 80% of meme coin trading performance.
Poodlana is the first coin targeted explicitly towards this market’s two hottest trends. Thus, the frenzy surrounding it is far from unexpected. In addition, while meme coins are not reliant on fundamental value, the fact that Poodlana encompasses these two key social crazes in the trendsetting crypto region, gives it a serious advantage.&nbsp;
<h2 class="wp-block-heading" id="h-time-to-make-your-move">Time to make your move?</h2>
With Solana’s latest surge and the fact that Solana meme coins typically outperform their Ethereum-based rivals by up to 800%, it looks like the perfect time to pile into Poodlana before the Raydium listing. A recently announced listing on one of the world’s biggest exchanges takes its price into a different stratosphere.&nbsp;
<h4 class="wp-block-heading" id="h-check-out-the-official-poodlana-website-to-learn-more-and-get-some-poodl"><a href="https://poodlana.com/?utm_id=POODL108&amp;utm_source=thecoinrepublic&amp;utm_medium=referral&amp;utm_content=reactive&amp;utm_campaign=en_artc_external_presale&amp;utm_term=n/a" rel="noopener noreferrer nofollow">Check out the official Poodlana website</a> to learn more and get some POODL.</h4>
The post <a href="https://www.thecoinrepublic.com/2024/08/08/solana-meme-coins-skyrocket-30-poodlana-rides-the-momentum-past-5-4-million/" rel="noopener noreferrer nofollow">Solana Meme Coins Skyrocket 30%: Poodlana Rides the Momentum Past $5.4 million</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

Solana Meme Coins Skyrocket 30%: Poodlana Rides the Momentum Past $5.4 million

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