{"id":34625,"date":"2024-07-22T07:48:14","date_gmt":"2024-07-22T07:48:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/market-volatility-post-joe-biden-withdrawal-wipes-out-113m-as-investors-flock-to-poodlana\/"},"modified":"2024-07-22T07:48:14","modified_gmt":"2024-07-22T07:48:14","slug":"market-volatility-post-joe-biden-withdrawal-wipes-out-113m-as-investors-flock-to-poodlana","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/market-volatility-post-joe-biden-withdrawal-wipes-out-113m-as-investors-flock-to-poodlana\/","title":{"rendered":"Market volatility post Joe Biden withdrawal wipes out $113M as investors flock to Poodlana"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/08_Joe-Biden-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/08_Joe-Biden-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/08_Joe-Biden-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/07\/08_Joe-Biden-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>The withdrawal of Joe Biden has caused some market volatility with $113M worth of traded liquidated.<\/li>\n<li>Investors are flocking to Poodlana (POODL) presale, which has so far raised over $1.92M.<\/li>\n<li>Poodlana (POODL) plans DEX listing within 60 minutes of exchange listing.<\/li>\n<\/ul>\n<p>The unexpected withdrawal of US President Joe Biden from the 2024 presidential race has led to a significant crypto market volatility. Within 30 minutes of the announcement, $67 million in leveraged long positions were liquidated.<\/p>\n<p>However, amidst this chaos, <a href=\"https:\/\/www.poodlana.com\/?utm_source=media&amp;utm_medium=artc&amp;utm_campaign=coinjournal&amp;utm_term=internal&amp;utm_content=current_news\">Poodlana<\/a>, a new entrant in the meme coin market, has captured investor attention with its high-fashion branding and successful presale, raising nearly $2 million.<\/p>\n<h2>Market chaos following Joe Biden\u2019s withdrawal<\/h2>\n<p>Joe Biden\u2019s sudden exit from the 2024 presidential race sent shockwaves through the cryptocurrency market.<\/p>\n<p>Between 5:30 pm and 6:00 pm UTC on July 21, the market saw $67 million worth of leveraged long positions liquidated, triggered by a 2.3% drop in <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin\u2019s price<\/a> to $65,880.<\/p>\n<p>This rapid decline was part of a broader 12-hour period that witnessed a total of $81.1 million and $53.4 million in long and short positions, respectively, being wiped out according to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass data<\/a>.<\/p>\n<p>Bitcoin and Ether were the most affected, with Bitcoin experiencing $43.8 million in liquidations and Ether $31.1 million.<\/p>\n<p>The market reaction can be attributed to the uncertainty Biden\u2019s withdrawal introduced. Markus Thielen, founder of cryptocurrency firm 10x Research, noted that Biden was seen as a weak candidate against Trump, and his exit left no credible alternative, leading to increased market volatility.<\/p>\n<p>Interestingly, a massive buy order during this period helped Bitcoin recover swiftly, reaching a 24-hour high of $68,480 and causing traders with short positions to incur $34 million in losses.<\/p>\n<h2>Poodlana (POODL) emerges as a new investment haven<\/h2>\n<p>Amid the market turmoil, Poodlana (POODL), branded as \u201cThe Herm\u00e8s of Crypto,\u201d has managed to attract substantial investor interest.<\/p>\n<p>Launched at a price of $0.02, Poodlana\u2019s token price has quickly risen to $0.023. The presale price is rising every 72 hours, raising the stakes for investors to invest early before the price rises.<\/p>\n<p>At press time, Poodlana had raised an impressive $1,918,665.37 in less than a week since the launch of the presale.<\/p>\n<p>The presale, scheduled to run for 30 days from July 17, has drawn attention due to its strategic positioning and high-fashion branding.<\/p>\n<p>Unlike typical presales, Poodlana offers immediate token availability post-presale, aligning with its commitment to transparency and fairness.<\/p>\n<p>The presale\u2019s success is also fueled by the broader resurgence of meme coins. Investors have shown renewed interest in meme-based digital assets, with established tokens like Dogecoin (DOGE), Bonk (BONK), Pepe (PEPE), and dogwifhat (WIF) experiencing significant gains.<\/p>\n<p>Over the past week, Dogecoin has seen a 16% increase, Bonk has seen a 25% increase, Pepe has seen a 25% increase, and dogwifhat has seen a 49% increase.<\/p>\n<p>This trend underscores a growing appetite for meme coins, positioning Poodlana as a promising investment.<\/p>\n<h2>Future prospects for Poodlana and the meme coin market<\/h2>\n<p>Poodlana plans to list on decentralized exchanges (DEX) like Raydium within 60 minutes of the presale\u2019s conclusion on August 16, ensuring immediate visibility and liquidity.<\/p>\n<p>The project also aims to launch a chic staking platform, offering attractive rewards for token holders.<\/p>\n<p>Additionally, Poodlana has planned surprise airdrops and bonuses to celebrate key milestones, enhancing its appeal to investors.<\/p>\n<p>The project emphasizes global outreach, particularly targeting Asia and international markets. Collaborations with top influencers, high-end fashion brands, and lifestyle platforms are in the pipeline to amplify its presence.<\/p>\n<p>Poodlana\u2019s strategic focus on creating an exclusive, high-fashion brand in the crypto space sets it apart from typical meme coins, attracting trendsetters and high-profile investors.<\/p>\n<p>Notably Poodlana\u2019s entrance into the crypto market coincides with an increased interest in meme coins as Solana based meme coins like Pooodlana carry the day.<\/p>\n<h2>Conclusion<\/h2>\n<p>Amidst the exacerbated crypto volatility following the withdrawal of by Joe Biden from the presidential race, Poodlana emerges as a beacon of opportunity for investors. Its successful presale, coupled with strategic branding and future plans, positions it well in the evolving meme coin market.<\/p>\n<p>As Poodlana gears up for its first exchange listing and broader market integration, it represents compelling investment opportunity for fashion and crypto lovers.<\/p>\n<p>If interested in purchasing Poodlana (POODL), visit the <a href=\"https:\/\/www.poodlana.com\/?utm_source=media&amp;utm_medium=artc&amp;utm_campaign=coinjournal&amp;utm_term=internal&amp;utm_content=current_news\">official website<\/a>.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/market-volatility-post-joe-biden-withdrawal-wipes-out-113m-as-investors-flock-to-poodlana\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The withdrawal of Joe Biden has caused some market volatility with $113M worth of traded liquidated. Investors are flocking to Poodlana (POODL) presale, which has so far raised over $1.92M. Poodlana (POODL) plans DEX listing within 60 minutes of exchange listing. [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":34626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34625"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34625"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34626"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}