The memecoin community was recently alerted to claims of a large-scale transfer of Shiba Inu traders to a new project that was on presale. The aforementioned project, Mollars ($MOLLARS), has the potential to become the Bitcoin of the Ethereum Blockchain when it launches.
Not only have underperforming assets like SHIB drawn attention to this immense potential, but so have investors in memecoin, who have been profitable over the last several months. The two Mollars presale wallets indicate that Solana’s $BONK coin has also contributed significantly to recent sales. The “memecoin migration” to Mollars can be attributed to a several factors, including growth potential, Bitcoin fees, and the availability of a native ERC-20 currency that can shield investments from market volatility
The project’s presale generated almost $930,000 in sales in just two months, selling over sixteen percent of its entire supply during that time. Although $MOLLARS is currently trading for $0.50, analysts believe the token may end the year trading above the $10.00 range.
Mollars Are Becoming a Popular Alternative for BONK Investors
Many holders from various cryptocurrency communities have come together thanks to Mollars ICO. The wallet addresses used for the token presale [1,2] reveal investors buying the new coin from Tether, Ether, Shiba Inu, and BONK.
In particular, the increasing tendency of memecoin dealers may be a sign of growing optimism about Mollars’ potential. Even if BONK is on the Solana blockchain, investors are participating in the presale in order to reasons .
To begin with, $BONK holders are still active on the Ethereum Blockchain despite being on a distinct blockchain. On the Ethereum network, Wrapped SOL (WSOL) is essentially a tokenized version of the original coin Solana (SOL).
As is well knowledge, the bulk of BONK investors are also ardent supporters of DeFi goods like NFTs. Accordingly, a sizable fraction of investors are also active on ERC-20, the blockchain with the highest level of activity worldwide.
These traders can purchase not only a token with tremendous growth potential but also a more rare and deflationary token that can better safeguard their assets by obtaining $MOLLARS.
Many are referring to the new project on the Ethereum Blockchain as the “alternative to Bitcoin” because of its resemblance to BTC. Because of its incredibly limited supply, decentralized nature, and lack of a single project manager, the new coin does bear some resemblance to the most valuable money in the world by market capitalization.
Tokenomics for Mollars
Having said that, there are only 10,000,000 Mollars in circulation—a project that is half as rare as Bitcoin. It is simple to locate currencies with trillions, if not quadrillions, of token supplies when examining other tokens available on the market.
More than 90 trillion tokens are available on BONK alone. There could be a number of reasons behind the abundance of certain currencies. In the case of BONK, millions of Solana users received an airdrop of 50% of the initial supply, which was intended to be utilized in several microtransactions across various dApps.
In the case of Shiba Inu, the project was developed with the understanding that a significant portion of the supply will burn over time, significantly influencing the value of each individual token. Nevertheless, the billions of SHIB tokens that are burned every day are unable to affect the value of $SHIB because there is a lack of decentralization and a genuine project purpose.
This may result in a decline in savings value and purchasing power, which could cause the economy to become unstable.
In comparison with other tokens, Mollars are much less vulnerable to inflation. Holders currently possess more than sixteen percent of the total supply, even though it hasn’t even hit the market yet.
Pre-sale offers traders 40% of the 10 million tokens that will be produced, with each token costing one cent. In the near future, the value of each token might rise by a factor of 100 because $MOLLARS has the potential to follow Bitcoin’s path as a deflationary store of value.
There’s Not Much Time Left To Increase $MOLLARS Presale Profits.
A new cryptocurrency called $MOLLARS is in high demand because investors have already purchased over 1.64 million tokens. Once the 2.5 million barrier is met, each token will shortly be purchased for $0.55 instead of the current $0.50 presale price. As a result, on the listing day, those who arrive later will lose out on over half of the anticipated profits. The return on investment (ROI) for those who act early will be +24%, while that of others will only be +12%.
The largest buyer of $MOLLARS to far has put in about $17.2K in the cryptocurrency [source: Crypto.news], with the goal of making over $4100 in profit when it trades on a cryptocurrency platform. For every $100 spent, that represents a $24 gain.
Due to its enormous financial potential, $MOLLARS is drawing more and more interest from astute investors who wish to jump on this exciting project early.