Attention shifts to Poodlana ($POODL) as Solana’s celebrity memes drop up to 99%

Solana (SOL) outperformed in the latest bull wave, even outshining the top altcoin Ethereum (ETH).

That came as the former saw significant activity in June, with over 30 new celebrity tokens launching on the Solana blockchain.

However, Solana’s celebrity tokens could not maintain the initial buzz, reflecting massive bearishness (at the moment).

That underscores the weakness of crypto assets that rely on hype, and Poodlana ($POODL) has stepped up to destroy that phenomenon.

Poodlana is a new Solana-based meme token witnessing impressive investor attention, with its presale blazing past $3 million.

Let’s find out why the $POODL project could be perfect for players as celebrity tokens fail to keep pace.

Solana’s celebrity tokens performance

Celebrity-themed coins are cryptocurrencies representing prominent individuals, including musicians, social media influencers, and reality TV stars.

These assets aim to leverage celebrities’ fame and endorsement for hype and attracting investments.

For instance, Andrew Tate’s $DADDY and Iggy Azalea’s $MOTHER caught the attention with intense competition.

However, unwelcoming developments like Nigeria’s Davido rug pull allegations saw celebrity-themed tokens losing momentum. That catalyzed massive declines for Solana-based celebrity altcoins.

Recent stats show these assets have lost approximately 94% of value in the first month of launch, with about 50% down 99% from their ATH prices.

Exactly half are down over 99%, with 7 others being down more than 90%.

Let me remind you this is only about a month into their lifespan. pic.twitter.com/nx8kNuTPIO

— Slorg (@SlorgoftheSlugs) July 25, 2024

The massive slumps demonstrate how speculative meme coins are, especially those depending on celebrity support to attract investors and traders.

Solana ecosystem still alive

While celebrity tokens crashed, Solana maintained a vibrant ecosystem.

While celebrity tokens slump, community-driven projects and the ongoing SOL exchange-traded funds narrative has kept the altcoin afloat.

Moreover, analysts remain optimistic about ETFs driving Solana’s anticipated surge past $1,000.

#Solana looks interesting‼️

Buy SOL now, don't regret later‼️#Bitcoin #SolanaProjects #Ethereum #ETFs pic.twitter.com/Hor6rv2qxa

— Crypto.Raja (@Crypto__Raja) July 28, 2024

Poodlana is also another new project flourishing on the Solana blockchain. The project has seen explosive growth since its July 17 launch.

The new contender on Solana: Poodlana

Poodlana gains massive attention during its presale, with profit-oriented investors pouring significant money into the project.

Poodlana has raised over $3 million within ten days after the presale launch.

The impressive performance is due to the project’s strategy of tapping into three vital market trends.

Poodlana combines the meme crypto culture, the cherished poodle breed, and luxury fashion.

Poodles are among the top canine breeds in Korea, China, and Japan, where the rich use them as necessary fashion accessories.

Poodlana aims to extend this love to the cryptocurrency world, positioning $POODL for significant strides.

Why Poodlana’s presale is different

$POODL is beyond the usual dog-themed cryptocurrencies, and its presale could testify.

Besides being available for 30 days, the altcoin will list on DEXs within an hour after the ICO ends on August 16.

Poodlana is unlike most new projects that keep initial investors for months without vague listing dates.

That could have boosted investor excitement and confidence, translating to an explosive presale. 

$POODL trades at $0.0299 and seems well-placed for a 100x growth in 2024 and beyond.

You can visit the official website for details about Poodlana’s blazing 30-day presale.

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