Veröffentlicht am

Solana price prediction ahead of Poodlana (POODL) launch

  • Potential Solana rebound to $150 amid ETF hopes and growing meme coin ecosystem.
  • Poodlana (POODL) is the expected new entrant in the Solana meme coins ecosystem.
  • Poodlana (POODL), expected to launch on July 17, blends fashion with crypto, targeting elite and Asian markets.

Cryptocurrency investors are closely monitoring Solana (SOL) amidst a turbulent market landscape, eagerly anticipating potential bullish signals despite recent setbacks.

As the market navigates through fluctuations, Solana’s performance remains pivotal, especially with upcoming catalysts like the potential ETF approval and the emergence of new Solana-based meme coins, including the highly anticipated Poodlana (POODL).

Will Solana price reclaim $150 any time soon?

The price of Solana’s native token, SOL, has been on a rollercoaster ride, currently priced at approximately $123.46, marking a recent decline of 8.20% over the last 24 hours and a broader 30-day decrease of 28.79%.

Despite these challenges, optimistic sentiment persists fueled by speculative hopes surrounding a Solana ETF listing and the proliferation of Solana-based meme tokens.

The recent rejection at the $153 resistance level has brought Solana price closer to a critical support zone around $121.

Analysts suggest that maintaining this support could pave the way for Solana (SOL) to revisit higher price targets, potentially aiming for $200.

This optimism is bolstered by technical indicators showing bullish potential, including a positive MACD and SuperTrend buy signals.

Moreover, the possibility of a Solana ETF approval within the next year, driven by recent filings from VanEck and 21Shares, could significantly boost SOL’s market position.

The growing trend of Solana-based meme coins, such as the upcoming Poodlana (POODL), adds further intrigue. These coins leverage Solana’s robust ecosystem and growing community, potentially amplifying SOL’s market demand and liquidity, propelling its price towards its previous highs and beyond.

What is Poodlana (POODL)?

Poodlana (POODL) is a groundbreaking addition to the Solana meme coin ecosystem. It is designed as a meme coin that transcends traditional crypto stereotypes.

Positioned as “The Hermès of Crypto,” Poodlana aims to capture the imagination of sophisticated investors and trendsetters alike, blending digital currency with high fashion and exclusivity.

Poodlana (POODL) leverages the cultural fascination with poodles, particularly in Asian markets where these dogs are seen as symbols of luxury and style. In countries like Japan, Korea, and China, poodles are cherished as fashion accessories among the elite.

Drawing inspiration from this cultural phenomenon, Poodlana (POODL) positions itself not just as a digital asset but as a lifestyle choice, appealing to a demographic that values both novelty and cultural resonance.

Further, emphasizing exclusivity and prestige, Poodlana distinguishes itself from other meme coins by adopting a high-fashion persona. It markets itself as the token of choice for those who appreciate sophistication and trendsetting.

The branding strategy portrays Poodlana as a symbol of status within the crypto community, akin to owning a coveted piece from a luxury fashion house.

By aligning with influencers, fashion brands, and cultural icons, Poodlana aims to create a buzz that transcends traditional crypto marketing tactics. This approach not only attracts early adopters but also solidifies its position as a disruptor in the meme coin space.

POODL presale expected to only last 30 days

The eagerly anticipated Poodlana presale is set to launch on July 17th, 2024, and will span a concise 30-day period.

This limited-time offering aims to capitalize on early investor interest, with participants able to purchase POODL tokens using SOL, BNB, ETH, USDT, USDC, and fiat/card payments.

The presale strategy emphasizes exclusivity and rapid accessibility, ensuring that tokens are available for trading on decentralized exchanges (DEXs) within 60 minutes of the conclusion of the presale.

The presale will feature a progressive pricing model, incentivizing early adopters with favorable token rates. In the first stage, participants will be able to purchase POODL tokens at 0.02 per token, after which the price will progressively increase, culminating at 0.0539 in the last presale stage.

All POODL tokens will be fully unlocked from the outset, underscoring transparency and immediate liquidity for investors. This approach contrasts sharply with traditional crypto projects, where vesting periods and lock-up mechanisms often delay market access and hinder price discovery.

As the crypto community awaits the Poodlana presale, anticipation builds around its potential impact on the broader market sentiment towards Solana.

The strategic alignment of Poodlana’s launch with Solana’s ecosystem highlights synergistic opportunities, with the meme coin expected to leverage Solana’s scalability and transaction efficiency to attract a global audience.

The post Solana price prediction ahead of Poodlana (POODL) launch appeared first on CoinJournal.

Veröffentlicht am

Crypto promoter Sahil Arora faces backlash over fake Iggy Azalea token presale

  • Sahil Arora raised $380,000 in the presale of IGGY token claiming it was Iggy Azalea’s official cryptocurrency.
  • Funds from the presale wallet are being moved, with no tokens airdropped to investors.
  • Investors demand refunds and accountability as IGGY token value drops by 98%.

Celebrity crypto promoter Sahil Arora has come under fire after allegedly taking $380,000 in presale funds for a token falsely claimed to be endorsed by Australian rapper Iggy Azalea. Despite promising an airdrop of the “IGGY” token, presale participants are still waiting to receive their tokens.

Recent transactions indicate Arora is moving funds out of the presale wallet, sparking outrage among investors who demand refunds and accountability.

The rise and fall of the IGGY token

In May, Sahil Arora, a well-known figure in the celebrity crypto coin space, launched a presale for a new token purportedly associated with Iggy Azalea.

Arora had previously found success with tokens linked to celebrities like Caitlyn Jenner and Rich the Kid, making his IGGY token presale an attractive investment for many.

The presale quickly amassed $380,000 as investors hoped to capitalize on the anticipated hype.

However, the excitement was short-lived. Iggy Azalea publicly denounced Arora and distanced herself from the token, launching her official cryptocurrency, MOTHER, on Pump.fun which saw substantial success with a $15 million market cap within 30 minutes.

In contrast, the IGGY token, which momentarily peaked at just under a $5 million market cap, lost its momentum and plummeted in value.

Presale participants soon realized that they had not received their promised IGGY tokens.

Despite Arora’s claims that all presale buyers had been “taken care of,” multiple investors reported that they had not received any tokens or refunds.

Arora’s justification for moving funds between wallets as “shuffling” only added to the confusion and frustration among investors.

Token presale funds on the move: where’s the money going?

As the IGGY token controversy grew, attention shifted to the presale wallet’s activity.

Significant movements of Solana (SOL) began in early June, with transactions sending large amounts of SOL to various wallets and centralized exchanges.

On June 8, approximately 663 SOL (worth around $89,800) was transferred to a wallet, which then sent a similar amount to Binance, the largest cryptocurrency exchange globally.

Such transfers typically precede the conversion of crypto assets to fiat currency.

Further scrutiny revealed that over 2,296 SOL (around $311,000) had been moved from the presale wallet over the past month.

These transactions included transfers to intermediary wallets, centralized exchanges, and the launch of new tokens on Pump.fun, a platform that facilitates the creation of meme coins. Despite these activities, presale participants continued to wait for their IGGY tokens, leading to growing suspicions of fraud.

Investors’ frustrations is evident on social media, with many calling for Arora to face legal consequences. Some are even demanding his deportation from Dubai, where he is currently based.

The value of the IGGY token has since plummeted by nearly 98% from its all-time high, rendering it almost worthless. Meanwhile, Azalea’s official Mother Iggy (MOTHER) token has also dropped by 55% over the past month.

Sahil Arora is linked to several other celebrity token debacles

Interestingly, the IGGY token was not the first celebrity token to be launched by Sahil Arora. It seems he has been exploiting celebrities’ lack of experience with web3 by launching scam tokens backed by celebrities.

Earlier, Arora hacked American rapper “Rich the Kid’s” X account and launched and promoted a cryptocurrency dubbed “RICH” token.

Later on, Arora hijacked the account American media personality Caitlyn Jenner and launched a Solana-based meme coin dubbed JENNER on Pump.fun.

Other token rug pulls orchestrated by Arora include Zumi, doll, and $SOULJA.

The post Crypto promoter Sahil Arora faces backlash over fake Iggy Azalea token presale appeared first on CoinJournal.