A Shiba Inu whale has chosen to swap a massive $23,000 worth of his crypto holdings for a new token, still in presale. The money could have purchased 990-million SHIB coins but this trade appears to believe $MOLLARS will gain more
The huge token presale purchase total is just over 30% of the Average US citizen’s salary. In 2024, the midpoint per year being earned by Americans is $63,795.
The huge sum means this crypto whale is likely a very savvy investor. Most do not have such funds to invest into a cryptocurrency, much less one that is still in its presale phase.
Also however, this could be an indication that Shiba Inu traders are worried about the recent swapping out of 100-billion tokens from Coinbase.
Mollars is currently being offered to traders for $0.55 [55 cents]. However, the cost will rise to $0.60 before the Initial Coin offering’s end on June 1st; after the 5th investment round ends.
But perhaps projections of the token rising to US$15 have this experienced investor taking aim early to capitalize on the discounted token offerings. Mollars has the potential to go into a parabolic uptrend, per various reports. If that trend in value increases occurs, today’s bypassers to the ICO could look back in serious regret, as they’ll have to buy the token at a much higher price.
That increase of price should be fostered heavily by demand and branding value. To date, three cryptocurrency exchanges have confirmed they will list the Mollars token. Between the 3 exchanges, there are over 15 million users aka traders; If only a 66% of these exchanges adopt Ethereum’s new store-of-value token, the entire token supply would be in private holdings.
After Mollars project’s 10-million tokens are sold out, clients going forward from that point would only buy fractions of the $MOLLARS Token. The project has designed a term for crypto shrimp looking to buy the fractional, 1/100th, coins. The term for shrimp-like smaller investors like this is a “Moll.”
Thus far, over 2.8 million Mollars tokens have been pre-sold, prior to the crypto exchange listings coming on June 1st. Only 4-million tokens in general have been allocated for the discounted presale stage.
The Crypto whale that left Shiba Inu (SHIB) and swapped $23,000 for liquid cash, bought $MOLLARS through a consistent DCA method. On at least 12 different dates, the Dogecoin killer fan, logged into the Mollars website to make smaller purchases. Though those buys halted once $23K was reached, it appears the trader may go into another buying frenzy this week.