Uniswap, a popular crypto exchange, has recently added the Mollars token to its platform, leading to a significant increase in its price. The Mollars token is being hailed as the Ethereum Blockchain’s version of Bitcoin and is being listed on its fourth crypto exchange.
The token’s presale concluded on June 1st, raising nearly $1.7 million. It is listed as $MOLLARS on the ERC-20 network and has a limited supply of 10 million tokens, with no plans for further issuance.
During the presale, 40% of the total supply was allocated to the initial coin offering, and presale investors purchased over 87% of these tokens, amounting to a total of 3.1 million $MOLLARS.
In a message to investors on social media, the Mollars team announced that three more crypto exchanges, namely LBank, Bitmart, and XT, will be listing the token in the coming week. They urged investors to hold onto their tokens, as increased demand will drive up its value.
Uniswap, being the first exchange to list Mollars, holds great significance for investors. It is considered the top decentralized crypto exchange globally and has a large user base of over 30 million active users. Additionally, it is the fifth-largest application on the Ethereum blockchain and handles over $1 trillion in volume.
The listing on Uniswap resulted in a significant increase in the price of the Mollars token. It initially reached a high of $0.87, but experienced a correction due to some investors selling off their tokens for quick profits. As of now, the token’s value stands at $0.42, resulting in a return on investment of over 40%.
While the current profit is promising for early investors and Uniswap traders, the true stability and value of the Mollars token will only be determined once it is listed on all four confirmed exchanges. The addition of tens of thousands of traders to its trading volumes and liquidity could exert significant pressure on its value.
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