Part of the large Shiba Inu withdrawals that shook the cryptocurrency market were moved to the MoonTaurus presale, Exp…
Recent massive Shiba Inu (SHIB) withdrawals have had a substantial impact on the crypto market, prompting worries about where the cash are going.
CoinMarketCap stated that Robinhood sent 2.7 billion SHIB, worth $48,343,500, to an unknown wallet. During this market upheaval, a significant number of these withdrawals have been directed towards the MoonTaurus (MNTR) presale. This new presale meme coin has already raised over $150,000 in its first round, with tokens priced at $0.005, garnering a lot of interest among investors.
Shiba Inu: Whale Activity and Market Uncertainty recent activity in the Shiba Inu ecosystem suggests a shift in market mood. Shiba Inu, which trades at $0.00001797 and has a market capitalisation of more than $10.5 billion, experienced a significant withdrawal of 2.7 billion SHIB from Robinhood to an unknown wallet, totalling around $48.3 million. This whale’s move shows that prices may fluctuate as major holders adjust their positions.
Despite this, Shiba Inu’s overall market indicators show a mixed picture. The increase in supplies held by top addresses suggests whale buildup, whilst the steep spike in exchange inflows indicates heightened selling pressure. These dynamics, as evidenced by the rising NVT ratio and dropping MVRV ratio, may lead to a price correction. However, Shiba In continues to attract new addresses, indicating significant network growth despite market uncertainty.
MoonTaurus (MNTR) captures investor attention.
MoonTaurus, a newcomer to the cryptocurrency market, has captivated investors with its impressive presale success. The initiative has quickly raised more than $150,000, indicating strong demand and investor trust. The presale is divided into phases, with the first phase being halfway through and priced at $0.005 per token. The price will double in the following phase, signalling quick value appreciation and instilling a sense of urgency among investors. MoonTaurus is expected to launch for $0.07, providing a 1400% return for early investors.
Several things influence MoonTaurus’
Increasing popularity. The project’s excellent fundamentals, combined with clever marketing and community participation, make it an appealing investment opportunity. MoonTaurus has a restricted supply of 3 billion tokens. The supply is divided among the project’s many sectors, with 40% going to presale investors, 30% to marketing initiatives, 20% to exchange liquidity, and 10% going to community benefits. A fixed supply ensures that the token’s value increases in response to investor demand. The initiative also intends to list on both decentralised and centralised exchanges, ensuring broad accessibility and increased liquidity.
Experts estimate that MoonTaurus will soar by 2000% following its presale, pushing the token above $1 by the end of the year. This projection is supported by the token’s powerful presale approach, which guarantees a 14x return for early investors and a $1 billion market capitalisation target. Notably, obtaining a $1 billion market capitalisation would place MoonTaurus among the largest meme coins, with early investors reaping huge rewards. The project’s marketing effort, which includes collaborations with influencers and digital content outlets, aims to sustain visibility and foster future growth.
The recent massive withdrawals of Shiba Inu tokens have forced investors to reassess their investments and look into fresh alternatives. MoonTaurus, with its well-planned presale and smart market approach, is swiftly becoming a favourite among investors. The token’s potential for large returns, robust community engagement, and ambitious market cap targets make it an excellent pick for investors looking for big profits as the presale unfolds, investors become increasingly concerned about the scarcity of MNTR tokens and the anticipated price increase.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source : Cyptopolitan