A crypto whale holding $12 million worth of ETH has suddenly reappeared after seven years of inactivity. The whale, who had remained inactive since the early days of Ethereum, has recently made headlines by aggressively accumulating a new meme coin, MoonTaurus (MNTR), following the tokenâs 100% price jump during its ongoing presale.
The whaleâs long hibernation makes their return all the more noteworthy. Originally, they amassed a large amount of Ethereum when the blockchain was just starting out and havenât made any notable moves for nearly a decadeâuntil now.Â
Why MoonTaurus?
MoonTaurus is a bull-themed meme coin whose presale kicked off in late July and has garnered significant attention and investment. The coinâs presale is structured in ten phases, with each phase featuring a price increase. The first phase, priced at $0.005, sold out in just over a week, raising $300,000. The move to phase two saw the price double to $0.01, contributing to the tokenâs 100% price jump.
This price action and the unique presale structure are likely key factors that caught the attention of the Ethereum whale. MoonTaurusâ presale pricing model is designed to reward early investors, with the price set to reach $0.07 by the time the token officially launches. This means that investors buying in during phase 2 of the presale are guaranteed a 7x return on their investment at launch, with the potential for even greater gains as the token gains traction.
MoonTaurus has set itself apart from other meme coins by capitalizing on a relatively untapped narrative. While many meme coins are inspired by dogs and cats, MoonTaurusâ bull-themed branding creates a new and unique narrative. This uniqueness, combined with a well-executed presale and strong marketing strategy, has contributed to its early success.
The team behind MoonTaurus has allocated 30% of the total 3 billion MNTR token supply to marketing efforts, including planned partnerships with influential figures. This aggressive marketing campaign is expected to raise the tokenâs visibility and attract more investors, driving demand and potentially increasing the tokenâs value. In addition, MNTR is set to launch on both centralized and decentralized exchanges, including premier CEXs. Premier CEXs are known for their high trading volumes and wide user base, which will provide MoonTaurus with the exposure it needs to reach a broader audience of investors and traders.
What the Whaleâs MNTR Buy Means
The whaleâs decision to accumulate MoonTaurus at this early stage, after a 7-year hiatus, indicates a calculated move to capitalize on the tokenâs potential for high returns. Given the whaleâs massive Ethereum portfolio, this recent investment cannot be dismissed as a speculative bet but rather as a deliberate allocation of funds to a project with promising prospects.
Whales have long been known to influence market trends and price movements. The reactivation of this particular whale, along with their massive investment in MoonTaurus, is likely to draw the attention of other investors and attract them to the tokenâs presale.
Market watchers who have been tracking MoonTaurusâ presale progress predict a steep rally for the token once the presale concludes. Forecasts for 2024 suggest a 2000% climb, which could see MNTR ending the year above $1. Meanwhile, mid-term predictions are even more bullish, with some experts suggesting that MoonTaurus could soar as high as 100x by the end of the current bull cycle.
Despite its nascent stage, MoonTaurus has already carved out a presence in the market. The meme coinâs early success and growing whale activity lend credibility to its future performance.Â
Website: https://moontaurus.com/Linktree: https://linktr.ee/moontaurus