{"id":34958,"date":"2024-07-27T15:02:12","date_gmt":"2024-07-27T15:02:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sol-shorts-suffer-as-price-surges-solanas-poodlana-hits-3-million-milestone\/"},"modified":"2024-07-27T15:02:12","modified_gmt":"2024-07-27T15:02:12","slug":"sol-shorts-suffer-as-price-surges-solanas-poodlana-hits-3-million-milestone","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sol-shorts-suffer-as-price-surges-solanas-poodlana-hits-3-million-milestone\/","title":{"rendered":"SOL shorts suffer as price surges; Solana\u2019s Poodlana hits $3 million milestone"},"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\/2024\/07\/poodlana-dog-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/poodlana-dog-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/poodlana-dog-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/poodlana-dog-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">SOL price rose to above $187 to see over $4 million short positions liquidated.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Poodlana, the FashionFi meme coin, accelerated its presale as the sector surged amid US politics and bullish crypto predictions.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">POODL surpassed the $3 million mark on July 27, just 10 days after the presale launch.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The cryptocurrency market has witnessed over $63 million in liquidations over the past 24 hours. Data shows most of these, nearly $45 million, are in short positions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/solana\/\">Solana (SOL)<\/a> surging above $187 has seen over $4 million in bearish bets liquidated. Meanwhile, <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\" target=\"_blank\" rel=\"noopener\">Poodlana<\/a> has soared to over $3 million in presale as Asia drives investor interest.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Solana short liquidations hit $4 million as SOL surges<\/span><\/h2>\n<p><span style=\"font-weight: 400\">While<\/span> <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Coinglass data<\/span><\/a><span style=\"font-weight: 400\"> shows the total crypto liquidations had declined 67% within the above timeframe, the market still saw a notable amount of bearish bets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Solana liquidations reached a total of $4.95 million at the time of writing, with the forced exits happening as SOL price climbed more than 5% to touch highs of $188.<\/span><\/p>\n<p><span style=\"font-weight: 400\">SolanaFloor shared the liquidation data on X, showing that the largest bearish bet on SOL to be liquidated was $560k. This happened as Solana\u2019s price crossed the $187 mark.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 LATEST: Over $4 million liquidated in SHORTS position as <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOL<\/a> hits $187.<\/p>\n<p>The single largest short Liquidation was $560K at $186 <a href=\"https:\/\/t.co\/8DaGNYIun5\">pic.twitter.com\/8DaGNYIun5<\/a><\/p>\n<p>\u2014 SolanaFloor (@SolanaFloor) <a href=\"https:\/\/twitter.com\/SolanaFloor\/status\/1817163998133162439?ref_src=twsrc%5Etfw\">July 27, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Meanwhile, Bitcoin had over $16 million in shorts liquidated and Ethereum accounted for about $7 million of the short positions as both coins moved above key price levels. BTC traded above $68,300 while ETH hit highs above $3,290.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Solana rose as VanEck <a href=\"https:\/\/x.com\/vaneck_us\/status\/1817008070024724567\" target=\"_blank\" rel=\"noopener\">reported<\/a> that a large number of people at its booth at the Bitcoin 2024 conference asked about Solana. <\/span><\/p>\n<p><span style=\"font-weight: 400\">VanEck is one of the ETF issuers to <a href=\"https:\/\/coinjournal.net\/news\/sol-price-soars-after-vaneck-files-for-solana-etf\/\">file for a Solana spot ETF<\/a> with the US Securities and Exchange Commission. Analysts say the approval for SOL ETFs in the US could come in 2025.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Wen, MAGA tokens jump as meme coins rise<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Solana meme coins have experienced a 10% bump in the sector\u2019s market cap as meme coins jump amid fresh optimism in the crypto market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Although Bitcoin, Ethereum and Solana are in the limelight as whales buy BTC, ETH and SOL, a lot of interest in meme coins has several tokens trending.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Wen has spiked 20%, while PolitiFi token MAGA is up 16% at the time of writing. Donald Trump will <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-to-speak-at-the-bitcoin-2024-conference\/\">speak<\/a> at the Bitcoin 2024 conference.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Top meme coins by market cap Dogecoin, Shiba Inu, Pepe and dogwifhat have also seen their respective prices increase by more than 5% in the past 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The broader meme coin market is up 8% to over $56 billion, but as the sector gains, investor interest is on new potential gems.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Poodlana accelerates to $3 million in presale<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Poodlana is a new meme coin on Solana that seeks to break into the market riding a blend of crypto culture and FashionFi.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The combination of the global appeal of the fashion market and cryptocurrency\u2019s rising adoption has the poodle-inspired project gaining massive traction just days after its presale launch. Slightly over a week since the 30-day POODL presale went live, the \u201cHermes of Crypto\u201d has raised an impressive $3 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A viral appeal in Asia, where the poodle is a top dog breed, has contributed to this staggering support for Poodlana. However, the project is also captivating the global fashion-centric community and meme coin enthusiasts.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This appeal and the bullish predictions for crypto will catalyse further gains for Poodlana when the project goes live on DEX within an hour of its presale close on August 16.<\/span><\/p>\n<p><span style=\"font-weight: 400\">19 days until POODL hits the trading market and the opportunity to position currently stands at $0.0299.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, this price will jump to $0.0335 in the next stage and again every 72 hours until the final stage. According to details on the project\u2019s website, DEX listing price will be $0.06.<\/span><\/p>\n<p><span style=\"font-weight: 400\">To discover more about Poodlana or to join the community, visit their <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\">website<\/a>.<\/span><\/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><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/sol-shorts-suffer-as-price-surges-solanas-poodlana-hits-3-million-milestone\/\">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 ) SOL price rose to above $187 to see over $4 million short positions liquidated. Poodlana, the FashionFi meme coin, accelerated its presale as the sector surged amid US politics and bullish crypto predictions. POODL surpassed the $3 million mark on July [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":34959,"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\/34958"}],"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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34958"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34959"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}