Shiba Inu (SHIB) Token Holder Swaps $23000 Into Mollars ICO — DCA’ing, King Shrimp Passed Whales
A crypto shrimp, perhaps better called the King shrimp, who was earlier tracked by Crypto.News has upped the holdings of his Mollars token presale ‘bag.’ Buying frequently or dollar cost averaging into the presale, the traders frequent buys have made them what’s believed to be the biggest holder of Ethereum blockchain’s coming store-of-value token.
The buyer’s wallet transaction address is public [see here] and was last active 11 days ago.
The trader appears to be savvy in memecoin ICO investing as they have transactions with Shiba Inu (SHIB), Volt Inu (VOLT), and Robo Inu (ROBO). The regular purchases of Mollars tops all other investments this year, but this holder is believed to be a major holder of Shiba Inu tokens. Possibly a holder from the SHIB token’s golden era.
Investments in the Mollars token presale would not have caught the eye of anyone watching the presale’s transaction addresses. The biggest single purchase by this ‘King Shrimp’ was for 1.06 ETH, which is far from the biggest single buy from an investor. However, when making 12 purchases of such a magnitude, the numbers add up quickly.
The total value of the 12 purchases, in Ethereum coin, is 7.974272038 ETH. The purchase has a value of roughly $23080.73 at the time of writing this article.
The amount of Mollars tokens purchased with this $23K investment is estimated to be around 57,700. Investments are believed to be made between 1st and 3rd round of the ICO, averaging around $0.40 [cents] per token.
Mollars token is already slated to be listed on at least 2 crypto exchanges on or around June 1st — Bitmart and LBank. If the Initial Coin Offering reaches its max hard cap, the listing day price of the token will be $0.62 [cents] per token.
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