- Over $4 million worth of short positions were liquidated as the SOL price rose above $187.
- FashionFi meme coin Pudlana has brought forward its pre-sale as the sector surges amidst the US political climate and bullish predictions for cryptocurrencies.
- POODL reached $3 million in sales on July 27, just 10 days after its pre-sale launch.
The cryptocurrency market has seen over $63 million liquidations in the past 24 hours. According to data, most of these, nearly $45 million, are in short positions.
Over $4 million worth of bearish bets liquidated as Solana (SOL) broke through $187. Meanwhile, Poodlana soared to over $3 million in pre-sales as Asia captured investor interest.
Solana Short-Term Liquidation Surpasses $4 Million as SOL Surges
While doing Coinglass data Despite a 67% decline in overall cryptocurrency liquidations over the period, the market still saw significant bearish bets.
At the time of writing, Solana liquidations totaled $4.95 million, and the forced exits occurred as the price of SOL rose more than 5%, reaching an all-time high of $188.
SolanaFloor shared liquidation data for X, where the largest bearish bet on SOL was $560,000, which happened when Solana’s price was above $187.
🚨 Latest News: Over $4 Million Liquidated from Short Positions $Sol It reached $187.
The single largest short liquidation was $560K at $186. pic.twitter.com/8DaGNYIun5
— Solana Floor (@Solana Floor) July 27, 2024
Meanwhile, Bitcoin has liquidated over $16 million worth of short positions, while Ethereum has taken on around $7 million worth of short positions as both coins break above key price levels. BTC has surged above $68,300, while ETH has hit a high above $3,290.
VanEck said Solana came to fruition after many people gathered at his booth at the Bitcoin 2024 conference asked him about it.
VanEck is one of the ETF issuers that has filed for a Solana spot ETF with the U.S. Securities and Exchange Commission. Analysts say approval for a SOL ETF in the U.S. could come as early as 2025.
WEN, MAGA tokens surge as meme coins rise
Solana meme coin has seen its market cap rise 10% amid renewed optimism about the cryptocurrency market.
Bitcoin, Ethereum, and Solana are in the spotlight as whales buy BTC, ETH, and SOL, but interest in meme coins is high, so several tokens are trending.
Wen surged 20%, and PolitiFi token MAGA is up 16% at the time of writing. Donald Trump is set to speak at the Bitcoin 2024 conference.
The top meme coins by market cap, Dogecoin, Shiba Inu, Pepe, and Dogwiphot, have each seen their prices rise by more than 5% in the past 24 hours.
The broader meme coin market grew 8% to over $56 billion, but as the sector grows, investors are looking to a new potential treasure.
Poodlana Reaches $3 Million in Pre-Sales
Pudlana is Solana’s new meme coin that aims to enter the market by fusing cryptocurrency culture and fashion pie.
Combining the global appeal of the fashion market with the growing adoption of cryptocurrencies, the poodle-inspired project has gained immense popularity within days of its presale launch. In just over a week since the 30-day POODL presale began, “Hermes of Crypto” has raised an impressive $3 million.
The Poodlelana has gained a huge following as it has gained viral appeal in Asia, where poodles are the most popular dog breed. But the project is also appealing to the global fashion-centric community and meme coin enthusiasts.
This attraction and bullish predictions for cryptocurrencies will serve as catalysts for even greater gains when Poodlana launches on DEX within an hour of the presale closing on August 16.
There are 19 days left until POODL is released to the trading market, and the current position opportunity is $0.0299.
In particular, the price jumps to $0.0335 in the next stage and jumps again every 72 hours until the final stage. According to the details on the project website, the DEX listing price is $0.06.
If you would like to learn more about Pudlana or join our community, please visit our website.