A crypto investor, referred to as the “King Shrimp,” has significantly increased their holdings in the Mollars token presale, making them potentially the largest holder of the upcoming store-of-value token on the Ethereum blockchain. The investor has a successful track record with memecoins, including Shiba Inu (SHIB), Volt Inu (VOLT), and Robo Inu (ROBO). The investor’s purchases of Mollars tokens have surpassed all other investments made this year and they are believed to be a major holder of Shiba Inu tokens as well. Despite not making the biggest single purchase, the King Shrimp has made 12 significant purchases, totaling around $23,080.73 in Ethereum coin.
The value of the Mollars tokens purchased by the investor is estimated to be around 57,700, bought at an average price of $0.40 per token during the first and third rounds of the ICO. The Mollars token is scheduled to be listed on two crypto exchanges, Bitmart and LBank, around June 1st, with a listing day price projected to be $0.62 per token if the ICO reaches its max hard cap. This listing day price could potentially yield the investor a profit of $12,695, with further increases expected in the token’s value after listing, potentially reaching $15 per token by the end of the year.
The Mollars ICO has a hard cap of 4 million tokens out of a total token supply of 10 million tokens. 40% of the total token supply was designated for the presale, which will be used to fund the project’s development and branding. The King Shrimp’s decision to move funds from Shiba Inu to Mollars signals higher expectations for the new store-of-value token. The Mollars token presale has raised $1.31 million in funding so far, with the King Shrimp believed to be the largest holder of the token pre-listing. While Shiba Inu has generated gains for investors, the King Shrimp appears to anticipate higher growth potential for Mollars in the near future.
Many traders are recognizing the potential of the Mollars token to rival Bitcoin as a store-of-value asset, leading to increased interest and investments in the token. The King Shrimp’s strategic moves indicate a belief in the long-term growth potential of the Mollars token compared to other memecoins like Shiba Inu. The investor’s consistent purchases and significant holdings in the Mollars token presale demonstrate confidence in the token’s future value and potential for profitability. With the upcoming listing on crypto exchanges and the projected price increase, the King Shrimp stands to make a substantial profit on their investment in Mollars.
