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The Shiba Inu whale chose the new ICO token Over 990 million SHIB coins
Crypto Shrimp and Whale with Mollars tokens
A Shiba Inu whale has chosen to exchange a whopping $23,000 worth of his cryptocurrency for a new token, still on pre-sale. The money could have bought 990 million SHIB coins, but this exchange seems to believe $MOLLARS will earn more
The huge total of pre-sale token purchases is just over 30% of the average US citizen’s salary. In 2024, the average annual value Americans earn will be $63,795.
The huge sum means that this crypto whale is probably a very savvy investor. Most do not have sufficient funds to invest in a cryptocurrency, much less one that is still in the presale phase.
However, this could also indicate that Shiba Inu dealers are concerned about recent trading 100 billion tokens from Coinbase.
Mollars is currently offered to traders for $0.55 [55 cents]. However, the cost will rise to $0.60 before the initial coin offering ends on June 1; at the end of the 5th investment round.
But perhaps projections of the token rising to as high as US$15 have prompted this savvy investor to aim to capitalize on discounted token offers soon. According to various reports, Mollars has the potential to enter a parabolic uptrend. If this trend of increasing value occurs, today’s ICO bypassers may look back with serious regret, as they will have to purchase the token at a much higher price.
This price increase should be strongly supported 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, i.e. traders; If just 66% of these exchanges adopted Ethereum’s new store-of-value token, the entire supply of tokens would be in private holdings.
After the 10 million Mollars project tokens are sold out, customers will henceforth purchase only fractions of the $MOLLARS token. The project came up with a term for crypto shrimp looking to buy fractional coins, 1/100. The term for small shrimp-like investors like this is “Moll”.
So far, over 2.8 million Mollars tokens have been pre-sold, before listings on cryptocurrency exchanges arrive on June 1. A total of only 4 million tokens were allocated for the discounted presale 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 Dogecoin fan killer logged into the Mollars website to make smaller purchases. Although these purchases stopped once it reached $23,000, it appears that the trader may enter another buying frenzy this week.