SHIBArmy cadets appear to be raising the white flag and giving up on the once prosperous Shiba Inu coin. After a year of losses, a reported trend of $SHIB token holders migrating in major numbers to the Mollars token presale is becoming even more visible. Today, the presales activity spiked to recent highs, with over $40,000 raised in the last 24 hours.
Just yesterday, Mollars initial coin offering was ‘surging towards’ $800,000 (USD) but hovering closer to $780,000. Today, the crypto presales total over $820,000. This is over US$40,000 growth in sales, in major part caused by Shiba Inu coin holders swapping in their holdings and buying $MOLLARS.
Token Presale’s Spike in Activity
The extremely impressive figure of $40,000 was verified in the presale wallet addresses of the ICO. This means almost US$1,700 worth of $MOLLARS tokens were bought per hour. This would be a total of nearly 3400 tokens being sold per hour or 80,000 coins per day.
The biggest purchase recorded the day was for 1ETH or $3,021. Aside from that massive single purchase, there were at least 10 presale token buys that amounted to over $500.
Nonetheless, none of these sizable acquisitions are nearly as big as spending traced to the top Mollars holder. One single ‘crypto whale’ has bought $17.3K worth of the store-of-value token to date, a total which may have sparked this massive SHIB Army migration.
Why SHIBArmy’s Selling Their Shiba Inu For Mollars
SHIBArmy loyalists are trading in their $SHIB and buying Mollars due to the Bitcoin-alternative’s projected profit yields and future utility. The $MOLLARS token is said to offer the deflationary features of $BTC coin but with buy-sell transaction fees that are 80% less than Bitcoin-blockchain’s trading fee average. This massive saving should cause an industry disruption and spike the price of Mollars token; Yields of up to +4400% by some reports.
Aside from the ‘Mollars saves dollars’ factor, the token also has immediate yield options. The erc-20 token will list on crypto exchanges in May 2024 for $0.62 [cents]. Today, the token is priced at $0.50 [cents] in its presale. The $0.12 [cents] difference is a +24% yield that’s all but promised come listing day.
The top holder, who holds rights to nearly $17.2k worth of Mollars token, will see over a $4,000 ROI yield in less than 2 months.
In comparison, ShibArmy members that have held $SHIB for the last year, lost nearly -50% of all their holings. Swapping to Mollars today is forecasted to return half of that and turn the entire ‘negative’ portfolio into a positive before the 2024 end.
Similar Shiba Inu Migration in 2023 Was a Big Success For Those That Moved With the Pack
A trend was spotted like this just last year in September, where Shiba Inu members lept to the Golden Inu ($GOLDEN) token. The multi-dAPP ecosystem’s native coin has since yielded nearly +350%, turning each $100 migrated over to the Golden token into nearly $450.
The migration being seen now is similar in all facets, but with more crypto whales diving into the Mollars token presale in 1 month than Golden Inu ever had.
Currently, the Mollars token presale has sold over 1.58-million tokens before its listing on cryptocurrency exchanges. The ICO event is in its 4th of 6 selling rounds. Token prices could increase $0.05 [cents] with each round it progresses into.
Now Is Better Than Later With Token Presales
Infusing in the earliest round possible is sound for users as the 5-cent increase with each round means big dividends are being lost from potential. For example, 5th-round holders will only see +12.7% ROI yields on CEX listing day. Sixth-round users will see even less, a +3.33% ROI yield on listing day. These are both far less than the +24% gains to be had by today’s fourth-round holders.
ShibArmy cadets still HODLing with faith, saw a glimmering light today. The $SHIB coin rose nearly +1% in the last 24 hours.
However, those gains are nothing for holders of the Dogecoin killer, who’ve suffered tremendously watching the charts for the last 6 months to 1 year. Losses as big as -40% have been recorded by Shiba Inu heavy crypto wallets in that period.
Will Shiba Inu (SHIB) Coin Reach $1 in 2024?
This migration also comes after news headlines gave a negative forecast on the $SHIB token, saying it’s absolutely impossible the token would ever reach $1 [dollar] in value in 2024.
The Mollars token presale will end in May 2024, or when 4 million tokens have been sold. The first crypto exchange [CEX] listing will take place the same week as the ICO’s end.
The store-of-value token will also be the ‘native coin’ for the deflationary digital asset project’s coming decentralized crypto exchange. The DEX will be launched on their secondary domain, Mollars.CC.
Disclaimer: The ‘Crypto Cable’ section features insights by crypto industry players and is not part of ZyCrypto’s editorial content. ZyCrypto does not endorse any company or project on this page. Readers should conduct their own independent research before taking any actions related to the company, product, or project mentioned in this piece.
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