The Milk Mocha project's $HUGS token presale has progressed to Stage 11, priced at $0.0008092 per token, having raised over $294,000 from public participants. The presale is structured across a planned 40 stages, with a target listing price of $0.06, creating a significant potential spread for early buyers.
The core innovation of $HUGS is its function as an access key rather than a passive speculative asset. The token is required to unlock NFT-gated experiences, merchandise releases, mini-games, and digital collectibles within the Milk Mocha ecosystem, which boasts a fanbase of over 50 million followers. These benefits cannot be accessed via traditional payment methods, creating inherent demand for the token.
Additional tokenomics include a built-in burn system where users can spend $HUGS to enhance NFT rarity, thereby reducing supply, and a staking option offering up to 60% APY to encourage long-term holding. Future roadmap features include the HugVotes DAO for community-led charity initiatives.
The news article contrasts this early-stage opportunity with the current state of established cryptocurrencies. It notes that while the broader crypto market remains firm with a total valuation near $3.1 trillion, assets like Monero (XMR) and Ethereum (ETH) are already "valued like market leaders." Monero is highlighted for its recent volatility, trading around $495-$505 after a 30% weekly decline, while Ethereum is noted for its steady strength, holding between $3,310 and $3,335. Analysts cited in the article suggest that the largest gains often come from early-position projects like $HUGS rather than from widely recognized, fully-priced trends.
