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Shiba Inu Whale Picked New ICO Token Over 990 Million SHIB Coins
A Shiba Inu whale has chosen to exchange a massive $23,000 worth of its cryptocurrencies for a new token, still in pre-sale. Money could have bought 990 million SHIB coins, but this trade seems to believe that $MOLLARS will earn more
The massive total pre-sale token purchases are just over 30% of the average US citizen’s salary. In 2024, the average annual point earned by Americans is $63,795.
The huge sum means this crypto whale is probably a very experienced investor. Most do not have these funds to invest in a cryptocurrency, much less one that is still in the pre-sale phase.
However, this could also be an indication that Shiba Inu traders are concerned about the recent exchanging 100 billion tokens from Coinbase.
Mollars is currently being offered to traders for $0.55 [55 cents]. However, the cost will increase to $0.60 before the initial coin offering ends on June 1; after the end of the 5th investment round.
But perhaps projections of the token rising to $15 have this savvy investor aiming to early capitalize on discounted token offerings. Mollars has the potential to enter a parabolic uptrend, according to multiple reports. If this trend of increasing value occurs, those who ignore the ICO today may look back with serious regret as they will have to purchase the token at a much higher price.
This price increase must be strongly driven by demand and brand value. To date, three cryptocurrency exchanges have confirmed that they will list the Mollars token. Between the 3 exchanges, there are over 15 million users, also known as traders; If just 66% of these exchanges adopted Ethereum’s new store of value token, the entire token supply would be on private property.
Once the Mollars project’s 10 million tokens are exhausted, customers from that point forward would only purchase fractions of the $MOLLARS token. The project created a term for crypto shrimp who want to buy fractional 1/100 coins. The term for small investors like this is “Moll”.
To date, more than 2.8 million Mollars tokens have been pre-sold, ahead of the crypto exchange’s listing on June 1. Overall, only 4 million tokens were allocated for the discounted pre-sale phase.
The crypto whale that left Shiba Inu (SHIB) and exchanged $23,000 for liquid cash, purchased $MOLLARS through a consistent DCA method. On at least 12 different dates, the killer Dogecoin fan logged onto the Mollars website to make smaller purchases. Although these purchases were halted when $23,000 was reached, it appears the trader may go on another buying frenzy this week.