Key takeaways
- Bitcoin dropped below the $57k level for the first time since May 2024.
- The Poodlana presale is fast approaching and aims to be the number one dog-themed meme coin.
BTC dips below $57k
The cryptocurrency market has been bearish since the start of the week, with prices of most coins and tokens in the red. Bitcoin, the leading cryptocurrency by market cap, has lost more than 2% of its value today and dropped below the $57k level for the first time since May 2024.
At press time, the price of Bitcoin stands at $58,175.96. BTC could suffer further losses in the near term as bulls remain in control of the market.
What’s Poodlana?
Despite the recent bearish trend in the market, excellent projects continue to pop up in the Web3 ecosystem. Poodlana is the latest project that is gaining traction in the ecosystem thanks to its unique approach.
Poodlana is a new Solana meme coin focused on introducing the glamor of high fashion to the crypto world. Meme coins continue to grab the attention of crypto investors and Poodlana wants to become the number one dog token on the planet.
According to the development team, Poodlana will ensure that investors own meme coins that embrace the ethos of community-driven growth while providing them unique value.
Poodles are in the top 3 dog breeds in Japan, Korea, and China where they are essential fashion accessories for the glitterati. The development team is banking on the love of meme coins in these countries coupled with their love for Poodlana to build a strong community. Poodlana is a must-have digital accessory that complements fashionable pooches.
Poodlana’s presale commences in two weeks
The Poodlana presale is only two weeks away but the project could benefit investors and the broader meme community thanks to its unique approach.
According to the development team, the presale will commence on July 17 and last for 30 days. Only the crème de la crème can join with SOL, BNB, ETH, USDT, USDC and Fiat/card payments.
Poodlana is adopting an approach that would ensure that there are no lock-up period for their tokens, no games, just pure, unadulterated excellence. The POODL presale goes live on July 17 and ends on August 16.
The presale will be in 10 stages, with a price increase every three days, from $0.0200 in stage 1 to $0.0539 in the final stage.
Poodlana tokenomics
In terms of tokenomics, Poodlana adopted a simple approach to ensure maximum transparency with its community. The total supply will be 1 billion POODL tokens, with 50% going presale.
Marketing takes 15%, rewards 5%, partnerships 5%, treasury 10% and the remaining 15% is allocated to liquidity. The team revealed that 100% of tokens will be unlocked on day one, ensuring there are no lock-ups or vesting periods.
Once the presale ends, Poodlana will burn unsold tokens. Investors will start claiming their tokens immediately after the presale, with the token set to list on decentralized exchanges (DEXs) hours after the presale.
With this level of transparency, investors know when the presale begins and when the token lists on exchanges.
Click here to learn more about Poodlana
Should you invest in Poodlana?
Poodlana is introducing a dog-themed meme coin to the fashion world, ensuring that it captures a new breed of meme within the Solana ecosystem. By leveraging the popularity of Poodlana, similar to the Shiba Inu dog, the project could gain massive adoption in the coming months and years.
The swift presale and listing on crypto exchanges could also help attract more investors to the project.
