Joe Biden finally made way for Kamala Harris as the Democratic nominee for November’s presidential election. The crypto market reacted positively to the news.
Donald Trump now looks more likely than ever to be elected. The anticipation around his pro-crypto stance has pushed Bitcoin back above $67k. In the altcoin market, Poodlana (POODL), a presale going viral in the Solana community, has now raised $2 Million in just 5 days, buoyed by the heightened probability of a “crypto president” reaching the White House.
The Crypto President
Trump had earlier pledged support for crypto, especially miners, and is likely to push for a friendlier regulatory environment. The reaction to Biden’s withdrawal isn’t surprising as Trump is highly likely to be elected President.
With just three months to go, Kamala Harris has a mountain of campaigning to do. It could prove too much in light of Trump’s post-assassination attempt ascendancy. Trump’s vocal support for crypto has rejuvenated Bitcoin, with these gains trickling down, as usual, into the wider altcoin market.
Poodlana benefits from another Trump-linked phenomenon, though. The community expects the Solana ETFs (filed in June) to get approved by an SEC under a Trump regime.
Poodlana and other Solana meme coins, arguably the standout stars of the 2024 bull run, could benefit hugely from this putative approval. The arrival of Bitcoin ETFs back in January kickstarted the current market cycle. The BTC ETF granted serious mainstream clout to the flagship cryptocurrency. A similar legitimacy upgrade for the Solana ecosystem could bring stratospheric returns for Poodlana holders.
Early bird buyers have already acted on this opportunity: the POODL presale hit $2 Million this morning in anticipation of the coin’s future prospects under Trump. This indicates that what began as a viral phenomenon in Asian markets has now gone global, based on its now established reactivity to American news.
Poodlana: $2 Million and Counting
Asian buyers have embraced Poodlana, resonating with its astute combination of high-fashion elegance, meme coin mania, and a prim-and-proper poodle mascot.
Poodles are the top three favorite pet dogs in China, Korea, and Japan, all of which are also meme coin hotspots. Also, Asia dominates the high-end goods sector, with a market worth of over $142 Billion, growing by 3.9% annually. The region also makes up one-third of global sales for Louis Vuitton’s parent company, LVMH.
This perfect storm explains POODL’s uptake in Asia, but the virality is no longer just regional. With a $1 Million day one raise and a total of $2 Million now in the bank, Poodlana is shaping up to be one of 2024’s top presales. Investors from the West have cottoned on to the emerging trend.
This is akin to PeiPei’s surge. PeiPei is a Chinese meme that initially found success in Asia now has a global market cap in the hundreds of millions. With the US presidential race going the way it is, there’s plenty of fuel for growth beyond the presale, which ends August 16th.
When POODL tokens hit DEXs less than 60 minutes after presale completion, bullishness in the altcoin community—fuelled by Trump’s pro-crypto stance and Solana ETF hopes—could take Poodlana to an enormous market cap if current momentum continues.
Poodlana is currently priced at $0.023, a massive markdown from its final price of $0.054. Prices increase gradually every 72 hours, meaning gem hunters need to be quick to secure the lowest entry possible. The sharpest traders are all paying attention, so don’t be left behind when POODL becomes the new king of dog coins.
Head to the Poodlana website to learn more and purchase POODL tokens.
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