I've written about this before. Moloch is a name title meaning King/ruler/lord, similar to Baal being a name and title meaning Lord. It's also related to "Melek" as in Melek Taus the Peacock King, one of the names of our God Satan.
The lies about sacrifices to Moloch are most likely in the same category as jews talking about so-called "Satanic" blood sacrifices which we all know is only jewish crap. It's the jews scapegoating and projecting their own crimes onto us and our Pagan Gods. In truth, they don't have a known name for their alien host of reptilian shit lords. In the first place it's a communistic hivemind, and also if their jew "god" did have a name then it would be in some off-world alien language, and not in any language made by or known by humans. So it's obvious that the name of the jewish "god" is not Moloch. They're literally nothing but parasite aliens from another world, and we don't know what language their parent species speak to each other outside of Earth. Not even jews know their reptilian species language because they were just dumped here like the parasitic loser tools that they are lol
So yes, it's very possible that the name Moloch was once an alias for one of our Gods in a Gentile culture. Nowadays, the name is used to blaspheme and falsely judge our Pagan ancestors and is used as so-called "proof" of human sacrifice in Paganism long after they buried and suppressed our true history (and while at the same time human blood sacrifice is openly admitted in the religious texts of Judaism).