A crypto investor known as the “King Shrimp” has been making frequent purchases of the Mollars token presale, becoming the largest holder of the Ethereum blockchain’s upcoming store-of-value token. With a successful track record in memecoin investing, the King Shrimp has also invested in Shiba Inu, Volt Inu, and Robo Inu. Despite not catching the attention of many, the King Shrimp’s continuous purchases of Mollars have added up to a significant investment.
The King Shrimp has made a total of 12 purchases of the Mollars token presale, totaling 7.974272038 ETH or roughly $23,080.73. With an estimated 57,700 Mollars tokens purchased at an average price of $0.40 per token, the King Shrimp stands to profit significantly when the token is listed on exchanges like Bitmart and LBank on June 1st. With a projected listing price of $0.62 per token, the King Shrimp’s investment could potentially rise to $35,775.09 on June 2nd.
The King Shrimp’s decision to invest in Mollars rather than sticking with Shiba Inu suggests confidence in the former token’s growth potential. With the Mollars token presale having raised $1.31 million in funding so far, the King Shrimp’s $23,000 investment positions them as the largest holder of the new store-of-value token pre-listing. While Shiba Inu has yielded gains for investors, the King Shrimp appears to be betting on Mollars as a more profitable investment in the long run.
As the Mollars token approaches its listing date, the King Shrimp’s investment is expected to generate a profit of $12,695. With only 40% of the total token supply allocated for the presale, the remaining tokens will be used to fund the project’s development and branding. The King Shrimp’s strategic move from Shiba Inu to Mollars signifies their anticipation of higher growth potential for the latter token compared to Shiba Inu in 2024.
Overall, the King Shrimp’s investment strategy in the Mollars token presale showcases their foresight and confidence in the token’s future success. With the potential for significant profits upon the token’s listing on exchanges and strong projected growth in value, the King Shrimp’s decision to invest heavily in Mollars highlights their belief in the token’s potential to rival Bitcoin as a store-of-value asset.
