Moonbull Presale: Legit or Scam?

Moonbull’s $MOBU presale is currently blasting through a 23-stage presale (because 24 stages is too many and 22 is too few) and having a tremendous time, if the numbers are to be believed.

Any presale carries extremely high levels of risk, but fear not, anon, this one has a cute bull!

What is Moonbull? 

Moonbull is a memecoin project with “real mechanics” (whatever that means) and an actual, published smart contract address. So far so good!

With a roadmap stretching through 2026, and some actual tokenomics and DeFi mechanics to it, Moonbull might actually be a decent project worthy of a bit more attention than usual.

It also might not be. Let’s get into it.

The $MOBU presale

The presale went live with stage one on September 26th at its lowest tier of pricing, and stage two began later that same day. Stage three began on the 27th as the project raised over $200,000 in the first 24 hours or so.

This is around the time they started claiming large ROI figures, despite the fact the token cannot be sold yet. Like, what does that even mean, Moonbull Bro? Perhaps they’re suggesting unrealized gains?

Stage 4 began on October 4, and by October 8, the token had 1000 holders. Given the tokens haven’t been issued yet because the presale is not complete, it would be more accurate to say the project has over 1000 presale participants.

It is not guaranteed they’ll ever receive the tokens, let alone enjoy 15000% gains on their investments…

There is no end date for the presale yet, so it will be interesting to see what happens. Rather than using a timer, stages are locked behind investment milestones – it is possible the presale just gets stuck, and the dev disappears around now in stage six.

Supposed $MOBU use cases

Launching on Ethereum as an ERC-20 token, presumably with support for Layer 2s (although this is not mentioned)

• Revenue share: Holders receive 2% passive income as a portion of transaction fees.
• Staking: Going live at round 10, holders can stake their tokens at an absurd 95% APY. It is unknown how they’ll do this if they’ve not yet received the tokens…anyway they have to lock tokens for 2 months, with daily payouts.
• Liquidity: 1% of transaction fees are added to a liquidity pool with a locked 2% of total supply.
• Burn: 2% of transaction fee revenue is used for buyback and burn.
• Governance: By stage 12, holders will be invited to participate in governance. The whitepaper suggests that each token equals one vote and will be used to decide matters such as burns and campaigns.

Red flags

ROI claims – these percentages do not appear based on any semblance of reality, and are frankly made up, IMHO. It is possible that they’re basing it simply on the price increases they charge per tier and at listing.

• Spammy PR activity: A presale staple, no shortage of sponsored posts with scam-style images like the one above.
• Low follower amounts and engagement: Their posts on social media (celebrating insane percentages and hundreds of thousands of dollars raised) get hardly any engagement, suggesting they haven’t paid to bot the account, but also have a tiny audience.

Green flags

The more learning that is done about Moonbull, the more it seems like a wolf dressed in sheep’s clothing: a lot of effort has been put into making this project appear like a well-thought-out and relevant memecoin launch.

See these legitimacy indicators and ponder:

• Audits: Moonbull appears to have a legitimate audit, including KYC from SCRL. Fair enough.
• Accessibility: Like all good presale scams, Moonbull has no whitelisting process (not actually true it did allow whitelisters 1 hour early access to the sale) and lets just anybody ape in, ready to take their hard-earned crypto in exchange for the promise of eventual memecoins.
• Referral program: The referral leaderboard indicates that, assuming the data is accurate, 28 presale participants have successfully referred their networks and earned each party additional tokens in the process.
• Locked liquidity: 2% of the 73.2 billion supply of tokens will be locked to provide liquidity, with ownership renounced, which slightly reduces the chance of a total rug pull.

Is Moonbull a scam?

Ultimately, Moonbull’s very nature as a memecoin makes it far more likely to be a scam. Still, at least effort has been put into the *perceived* establishment of value for holders through staking, referrals, governance, and more.

Remember that even if it’s not a scam, there’s still a high chance your token value is going to zero.