The recent report released by the Mollars token team shed light on the increasing search volumes from crypto traders for the “MOLLARS” brand, which are now rivaling other popular tokens like Bonk Inu (BONK) and Pepe (PEPE) tokens. The data from an investor of the new store-of-value token provides insight into the types of crypto traders buying into the Mollars presale. According to a tweet, the Mollars ICO seems to be gaining momentum from the top 10 cryptocurrency holders. Some of the common altcoins held by these traders include Ethereum (ETH), Shiba Inu (SHIB), Tether (USDT), Bitcoin (BTC), Dogecoin (DOGE), Bonk Inu (BONK), Pepe Token (PEPE), Floki Inu (FLOKI), DogWifHat (WIF), and Polygon (MATIC).
While the data regarding the cryptocurrency holders has not been verified, the transaction wallets of the Mollars token presale are visible to the general public. A review of the latest Ethereum transaction address indicates that many of these tokens are held by traders along with Wrapped Ethereum (wETH). The increasing popularity of Mollars among other major cryptocurrencies suggests that the new store-of-value asset could potentially reach a market capitalization milestone in the near future. Google Trends data also indicates a significant search volume for the keyword “Mollars,” making it a popular inquiry among traders.
The report also highlights that BONK token holders are among the new investors who have shown interest in the Mollars presale. This migratory horde of investors reportedly invested nearly six figures into the ICO event within a week. The Mollars Initial Coin Offering is set to conclude on June 2nd, with the current presale price at $0.55-cents. This pricing may serve as an attractive opportunity for investors, considering that the debut price on cryptocurrency exchanges is expected to be $0.62. Additionally, Mollars, as a new store-of-value asset on the Ethereum blockchain, has a token supply that is less than half of Bitcoin’s total supply.
Given the recent approval of the Ethereum Spot ETF, some experts believe that ERC-20 tokens like Mollars could experience a significant increase in value compared to Bitcoin throughout the year. The Mollars ICO has already raised over $1.4 million and continues to generate five-figure daily sales in token presales. This data indicates a growing interest and confidence in the Mollars project among cryptocurrency investors. As the ICO progresses and moves towards its final stages, it will be interesting to observe how the market responds to this new entrant in the cryptocurrency space.
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