A Top Trader Shorted Bitcoin Before the August 5 Market Crash—Now He's Betting Big on This New Meme Coin

The cryptocurrency market has always been full of surprises, and the recent August 5th market crash was no exception. Following a financial market crash

A trader who made a substantial profit by shorting Bitcoin (BTC) just before the August 5th market crash has now made a large investment in MoonTaurus (MNTR), a lesser-known altcoin.

The trader’s move has sparked speculation among market watchers, with many wondering what he sees in MoonTaurus that others might be missing.

MoonTaurus is a meme coin that launched in late July and has already seen impressive growth during its presale. The presale is currently in the second of 10 phases and has already attracted more than 1,000 unique token holders.

The token price has doubled from $0.005 in the first phase to $0.01 in the current phase, and it’s expected to reach $0.07 by the time it officially launches. This pricing model guarantees phase 2 investors a 700% return when MNTR hits the market.

MoonTaurus has a capped supply of 3 billion tokens, with 40% allocated to the presale. The remaining tokens will be distributed among the team (15%), marketing (30%), exchange liquidity (20%), and community rewards (10%).

Notably, MoonTaurus has attracted strong whale interest even during its presale phase. Early investors in top-ranking meme coins like PEPE and BONK have been aggressively accumulating MNTR, signaling their confidence in the project.

The trader’s move into MoonTaurus could also be based on his analysis of market sentiment. As the broader crypto market begins to stabilize following the August 5th crash, there is a renewed interest in high-potential altcoins, particularly those that offer a unique value proposition like MoonTaurus. The trader could be positioning himself to capitalize on this shift in sentiment.

The above is the detailed content of A Top Trader Shorted Bitcoin Before the August 5 Market Crash—Now He's Betting Big on This New Meme Coin. For more information, please follow other related articles on the PHP Chinese website!