Ethereum Blockchain’s New Store-of-Value Cryptocurrency Passes $700000 In Token Presale — Could Pass $1M Next Week

16.02.2024 / Payment system news

Ethereum Blockchain’s new store-of-value token, Mollars, has passed the $700,000 Milestone in its token presale. The massive milestone was reached today, February 15th, before noon (EST). As the Bitcoin alternative token continues to surge in demand, it’s likely $1-million-dollars will be surpassed in the coming week if trends continue.

Since last year, crypto shrimps have been feasting on the new cryptocurrency in this initial coin offering. The only big holder, an Ethereum Whale, was the only major trader spotted in the presale wallet’s address in the ICO’s December 2023 opening. However, the trend has changed tremendously since 2024’s start. Whales, sharks, and fish have joined the Mollars token presale almost daily.

Crypto Whales & Sharks Buying Daily Has Had a Big Effect

The shift in types of daily token buyers, big pockets vs small to average pockets, is a major influencer for the future of Mollars. Ethereum Whales injecting 1 to 3 $ETH coins into the initial coin offering nearly daily is the main catalyst to today’s +$40,000 per day growth for Bitcoin’s hot new rival.

There’s under US$300,000 left before the Mollars ICO reaches the $1-million-dollar milestone. With the current daily averages on presale sum increases, US$400,000 should be raised between today and the following Sunday, February 24th. This means the top-rated ICO [per CNZ ratings] could reach $1,100,000 by the end of next week.

Just last week, the initial coin offering was in the $500,000 range and moving towards $600k. It’s averaging over $100k growth per week, with numbers intrinsically increasing from favours of token sales and Ethereum coin’s price surging.

Dollar Cost Averaging (DCA’ing) Into ICO

Most presale growth comes from Whales, like one wallet that is dollar cost averaging into the ICO event. This one holder has bought over US$15,000 worth of tokens in the last 7 days. However, they are not spotted on the ‘top 5 single buyers’ transaction lists because the holder is purchasing tokens every few days in amounts from under 1ETH (