Solana (SOL), the leading altcoin, outperformed the market in the recent bull wave.
The Solana Blockchain saw a significant amount of activity during June with the launch of over 30 celebrity tokens.
The initial hype around Solana and his celebrity friends was not sustained, reflecting the massive (at this moment) bearishness.
Poodlana (POODL), a cryptocurrency that relies on hype to generate value, has taken action against this phenomenon.
Poodlana, a meme-based token based on Solana, has attracted the attention of investors. Its presale has surpassed $3 million.
Find out how the $POODL Project could be ideal for players, as celebrity tokens are not keeping pace.
Solana’s celebrity tokens show
These coins represent prominent people, such as musicians, celebrities, and social media influencers.
The assets are designed to use celebrity endorsements and fame for generating hype, and attract investments.
Intense competition attracted the attention of Andrew Tate’s $DADDY, and Iggy Azalea’s $MOTHER.
Celebrity-related tokens lost momentum due to unwelcome developments, such as the allegations that Davido pulled a rug in Nigeria. This led to a massive drop in the value of altcoins based on Solana.
According to recent statistics, these assets lost 94% in value within the first 30 days of their launch. About 50% of them are down 99% on their ATH price.
These massive drops show how highly speculative these meme coins can be, particularly those that rely on celebrities to draw in investors and traders.
Solana ecosystem still alive
Solana’s ecosystem remained vibrant while celebrity tokens were in decline.
The altcoins have remained afloat despite the decline of celebrity tokens. Community-driven projects, and ongoing SOL ETFs narrative has helped keep the altcoins afloat.
Analysts remain confident that ETFs will drive Solana to its anticipated rise above $1,000.
Poodlana, another project thriving on the Solana Blockchain is Poodlana. Since its launch on July 17, the project has experienced explosive growth.
Poodlana is the new candidate to Solana
Poodlana receives a lot of attention in its presale. Profit-driven investors invest a significant amount of money.
Poodlana raised more than $3 million in ten days following the launch of its presale.
This impressive performance was due to a project strategy that tapped into three key market trends.
Poodlana is a luxury brand that combines meme culture crypto, the beloved poodle, and fashion.
The rich in Korea, China and Japan use Poodles as fashion accessories.
Poodlana wants to bring this same love of cryptocurrency to the world. $POODL will be positioned for major strides.
What makes Poodlana’s presale different?
Presale data could prove that $POODL goes beyond dog-themed cryptocurrency.
The altcoin, which will be available for a period of 30 days after the ICO concludes on 16th August, will also list within one hour on DEXs.
Poodlana, unlike other new projects which keep investors waiting for several months before listing the project on the market with vague dates.
This could have led to a surge in investor confidence and excitement, resulting in a booming presale.
$POODL is currently trading at $0.0299, and it seems to be well-positioned for 100x growth by 2024.
Visit the official site for more information about Poodlana’s 30-day pre-sale.
As updates occur, this post Attention shifts towards Poodlana $POODL as Solana’s celebrity memes fall up to 99% could be changed.
