Shiba Inu Whale Abandons Ship to Bet on New Meme Coin MoonTaurus (MNTR)

Shiba Inu (SHIB) was one of the best performers of the 2021 bull run, skyrocketing over a million percent to an all-time high of $ 0.00008819

Shiba Inu (SHIB) has had a rough few months, shedding nearly 30% of its value. This decline is making itself felt by some whale investors, who are now choosing to reallocate their funds elsewhere.

One such whale, who initially turned a modest investment into an $8 million SHIB portfolio, has recently begun to sell off a portion of their SHIB holdings and redirect their investment into MoonTaurus (MNTR), a rival meme coin that has surged 100% this August.

The decision to move from SHIB to MNTR is both a strategy to cut losses from a struggling Shiba Inu and a bet on Moontaurus as the next big thing. Just as SHIB saw success in its early days, the whale hopes MNTR will follow a similar path of explosive growth.

Recent data from IntoTheBlock paints a concerning picture for the meme coin. The current market sentiment is “mostly bearish,” with only one out of six key indicators showing bullish signs. The Net Network Growth metric, which measures the actual growth of the token’s underlying network has dropped by 0.19. This decrease indicates a decline in interest and engagement in the Shiba Inu ecosystem, raising concerns about the token’s long-term viability.

Adding to these concerns is the percentage of “in the money” holders—investors whose SHIB holdings are currently profitable. This figure has declined by 1% over the past day, with only 45% of SHIB investors now in the green. This means the majority are facing losses, further dampening investor confidence.

Whale activity, a crucial factor in the health of any cryptocurrency, is also on the decline for Shiba Inu. The number of large transactions, which serve as a proxy for whale interest, has dropped by 11% in the past day alone. This reduction in whale activity indicates a significant withdrawal of support from major investors, adding to the token's woes.

As for its price, Shiba Inu is currently trading at $0.00001316, a 2.96% drop in the last 24 hours and a 5.85% decline over the past week. Furthermore, the token has only had 9 out of 30 positive days in the last month, highlighting its struggle to regain traction in a highly competitive market.

MoonTaurus (MNTR) is a newly launched meme coin that has caught the attention of investors. Launched via presale in late July, the token has seen remarkable success, with its first phase selling out in just over a week and raising $300,000. The presale has since moved to the second phase, with a 100% price increase from $0.005 to $0.01. This is part of a dynamic pricing strategy designed to see the price soar with each phase, eventually launching into the open market at $0.07. This model aims to incentivize and reward early participation in the presale.

So far, the presale has raised over $350,000 and attracted over 1,000 unique token holders. The success of MoonTaurus can be attributed to its innovative approach and the unique appeal of its bull-themed narrative.

The MoonTaurus presale encourages early investment and promises significant returns for those who get in on the ground floor. The 100% price increase from phase 1 to phase 2 is just the beginning, with more increases expected as the presale progresses. The structured growth guarantees a 7x return at launch for phase 2 participants, making it an appealing option for investors seeking high-reward opportunities.

MoonTaurus also boasts a strong marketing campaign. The team behind the project has allocated 30% of the total supply of 3 billion MNTR tokens to marketing efforts. These campaigns will include partnerships with influential figures in the crypto market, aiming to increase visibility and attract more investors.

The meme coin is set to launch on both centralized and decentralized exchanges, including top-tier CEXs. These platforms are known for their high trading volumes and wide user base, which will benefit MNTR’s price as it gains exposure to more investors and traders.

The decision by this Shiba Inu whale to reallocate capital to MoonTaurus indicates a significant shift in investor sentiment. While Shiba Inu continues to underperform, MoonTaurus has emerged as a promising alternative with strong growth potential.

The above is the detailed content of Shiba Inu Whale Abandons Ship to Bet on New Meme Coin MoonTaurus (MNTR). For more information, please follow other related articles on the PHP Chinese website!