2024-4-30 11:28 |
Shiba Inu (SHIB) token has been overtaken in popularity by the other Inus — Bonk Inu (BONK), Floki Inu (FLOKI), and Golden Inu (GOLDEN). As they increase by over +50% in 7 days, the original of the Inus value is barely staying afloat.And now there’s a new woe as investors are being reminded the Shiba Inu team likely stashed $2-billion in $SHIB.
The calling out is being done by the founder of Mollars, a new store-of-value cryptocurrency that’s raised over $1.2-million dollars in it’s currently live ICO.
Thriving in the crypto space, Mollars is dubbed the “Bitcoin for the Ethereum blockchain” and a more scalable solution for storage of value than the $BTC.
But this week, the Mollars founder isn’t so focused on tokenomics and brainy data. Instead, head or she is calling out Shiba Inu (SHIB) token’s top team members; Founder Ryoshi and lead developer Shytoshi.
The reason for the bold challenge is Mollars founder’s belief in ‘true decentralization’ and helping the masses understand the risks involved with investing in a token where the owner has held a major stash.
In this case, the owner holding a stash of tokens is Ryoshi of Shiba Inu token. According to various audits both the founder and lead developer of $SHIB token, Ryoshi and Shytoshi, kept a total of 17% of the total token supply for themselves. An earlier estimate values the massive stash of the popular memecoin, to be around $2-billion-dollars.
While the $2-Billion-dollar amount may district some from a rough underlying truth, Mollars owner has made it clear. If those $2-billion in $SHIB are sold by Ryoshi and Shytoshi, the money will be siphoned from the liquidity pool and value of tokens held by others — that actually paid.
In the newly animated video, it appears Mollars also takes shots at the $SHIB founder for always diverting attention to keep the spotlight off him/herself. The animated version of Ryoshi asks a question, instead of answering a question, referring the question to lead developer Shytoshi.
In layman’s terms, Ryoshi slick-talked his way out of answering a vital question for any crypto brand.
Mollars animated video on the other hand, highlights the biggest difference between $SHIB, $BTC, and itself. No coins will be given away nor held free. The complete token supply of 10-million tokens will be sold in equal opportunity events or exchanges.
Mollars key points thus far have won over many crypto traders, including crypto whales buying $7,000 to $10,000 worth of the discounted ICO tokens regularly.
That node of confidence has led to Mollars token presale raising nearly $1.3-million-dollars.
Just under 2,700,000 tokens have already been acquired by traders. Many of these investors are, anticipating Mollars May launch on crypto exchange(s). Once on CEXES, investors expect to see a +12% increase in token value minimum. The listing price of $0.62 [cents] has already been exposed.
Only 33% of the ICo supply remains available for purchase, with buy levels increasing daily (according to the Mollars presale wallet). The other 67% of the total token supply has been procured by traders, many of whom are crypto whales.
Watch the video about what the founder of Mollars says about Satoshi Nakamoto’s Bitcoin stash above and read open discussion on the topic via reddit.
Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
The post Shiba Inu Team Called Out For Stashing $2-Billion in SHIB Tokens appeared first on CaptainAltcoin.
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