Bitcoin Forum

As per the latest update an Ethereum whale has purchased SHIB worth over $2 million, is that why we have seen recovery in the price over last 24 hours? I am wondering whether this will push more users to buy SHIB as there are two reasons why users will buy SHIB, one just because it's recovering and second is the assumption that whenever whales invest into any crypto it would pump hard. Are we being bull trapped again ?

$2 million worth of shib? You know its 0.01 % of supply? You know its 0.1% of daily volume? You know its 1.5 min volume? You know that such trades happens like once per few minutes?

To answer your question. Its not a way to trap people, it will not affect price, it was not the reason for recent recovery.  It was just a medium-size fish buying shitcoins.

Purchasing that amount would be a driving factor towards other people or smaller investors buying into Shib. Because something like that would make it even more attractive because why in the first place? Like why would an investor put that kind of money on the line if they don’t have any plans on having SHIB?

It could be another trap or a sign that it could go higher. As long as you know what you are doing and not forcing yourself to buy, you are good.

Shiba inu will be here for a long time but the way things are going I'm sure it will lose its rank on coinmarketcap presently but yes it's good for long term hold, if real altcoin season is still coming which I'm already doubting then shiba can see a good boost

I think the only reason why the price of SHIBA is up is because the whole market is recovering today. If you take a look at the list of the top gainers within the top 100 coins in terms of market cap on coinmarketcap.com then you will see, that SHIBA is not even close to the top gainers of today. So i would call this a normal price recovery action in a recovering overall market. Also SHIBA has a daily trading volume of around 2 Billion $ at the moment which means that a 2M buy does not have that much impact, that it could bring the price back up by itself. It definitely has an effect but the trading volume of SHIBA is to big that a normal whale can manipulate the price.

Shiba Inu I think is for a long-term project. We don't know his/ her motive why he bought such a huge amount. If he is looking for a long term a try to keep it then that's good. Shiba inu is still has a long journey if he wants to surpass doge price

I am not agreed with you on this statement that it's a long term project because all crypto community know about this SHIBA is just a meme coin without any solid use case and not motive behind this all just someone trying to manipulate price which is mostly happened with these big market cap coins by whales. Many newbies will try to invest, and they will regret about this after having loses because whales mostly doing things like this right now, so better try to avoid this project and try to have some better with better end.

so delicious sounds  ;D ! yesterday I was in market some exchange ,I thought about owning a shiba and hodl for the long term but I gave up my intention because maybe I saw it was pointless ! why do I must hodl with this amount of supply
source: coingecko
actually I also have no problem with that but for what is shiba ? can you tell me what project shiba introduce to investors ,dog food or other something else promising?

I think this is a game that they do, Pope doesn't actually make a purchase against SHIB, there are other things they are targeting actually, it's just a tool to achieve their planning, assumptions like this we often see in crypto, after Pope makes a purchase against certain coins, then a big pumping will occur and even that pumping only on the top cryptocurrencies is in effect, maybe this is just a bull trap for the end of the year?

Of course it is.  Following other people buying crap tokens is never a good idea.  And volume is so large right now on that token that $2mil doesn't budge the price.  I'd be weary thinking someone bought 2mil of it anyway, it can be gamed to make it look like that.

Could neither a bull trap or totally an adoption or recognition because this is the only way or path for a project to go thats why its really hard to make out some conclusions for SHIB specially that we know that this one is been driven out by some hype and now a $2M purchase
would be your indication that this one would go huge? I dont think so but its still you risk to take since your money to be invested
not ours.

I really don't know what this whales see in Shiba inu, but I'm certain that Shiba is a token that should not be taken for granted. We have seen the price pump and it seems it would pump much more. I'll prefer to get some Shiba inu tokens to take advantage of the pump which is imminent.

Maybe.

But these whales know how to take advantage of the situation. And with a few cents of rise for shib, it will also means profit to them.

That's how they make money on it, upon the movement of the price, later on that whale will just take its position filled in sell.

Sometimes these guys could come together and buy in large quantity to create some hype around the project which will send some good waves across communities. Although Shiba has over perform this year giving huge returns to early investors and still have some potential to go higher but the market cap is now very huge. They have some plans for shiba which will create more value for the token.

This is actually true because you couldnt say that those who had invested that money wouldnt really make out some sell later on specially if it goes up
because the hype was reawaken again and that guy would just simply pull off those money he had invested yet he had already profited on small
percentage which it isnt really bad for a million had been thrown off but who knows if he would go for long term?
This could be a good signal or an another normal day in crypto which investors could freely go inside and outside.

everyone can just speculate on what's he gonna do with his million-dollar shib. but we all know that investing in meme token is quite high risk even if it is shib, which is already popular. this can easily drop from the market once the team abandoned this meme project and they decide to cash out and enjoy their easy money.
look for tangible use case of this meme token, is there a sign that this will go long-term? if there's nothing you can think of, then, you know what to do here.

Whales sees the price of SHIB on its cheapest level again and hoping that it will rise again in due time which is actually a good strategy since we know that SHIB is a hype meme token, and it will always rise as the hype continues. If I have the budget as well, I'll grab the opportunity to buy more cheap tokens and hold.

It could possibly be the reason why the price has recovered and is somewhat rising, but mind you that investors have to be really careful when a single/few big individual pumps the price of coin on the network, it could be risky cause some of this coins are pump and dump coins and when a whale pumps the price of coin and makes profits, if they pull out/withdraw their funds, it could spontaneously cause a dump in the price, leaving individuals who bought as a result of the pump with losses to bear.

Having said that, investors should ensure that they do not just invest in a project cause of it just pumped but because they have done their research and believe in the project to be sustainable for the long period.

Is there a correlation between ship and ethereum? I thought that if 2 million USD was nothing compared with the daily volume trade in binance. The recovery was happening due to the massive bought after bitcoin was recovering again above 50k.
2 millions were so small to pump the price of shiba inu. It's caused by the trend and it doesn't have correction with the recovery that happened with shiba.

When the big buy appears in the buy order and that will be pushing lots of people to get in the market. The whales could be a signal if the market will be doing U-turn again. it seems like this might not be the bull trap again. To be honest 2 millions USDT can't be used to pump the price but it can be used to trigger it.

If it's only coming from one investor then I highly recommended not to do so, because it only took one move to change the situation of SHIB market again. You better be careful with this because it only came from a single source where they can manipulate its market easily unless after it there will be many investors will buy SHIB. then the price will rise again and you have an opportunity to decide whether you gonna join them or wait for a while to do so. Altcoins price is not like bitcoins, some of them never recover until now because of lack of development. so stay vigilant and don't get carried away by the hype.

The buyer's plan seems run flawlessly, i'm sure they bought a lot of shiba to make people blow it up on forum and media like this means he trapped the newbies and pump shiba price, and i'm sure when he already in profit position he will sell all of his shiba.
A memecoin is never worth to invest no matter how big the name and how popular the name is, it could be gone someday and you will lost all of your investment, so be careful.

If there is a correction in other currencies, I don't think that shiba will be bullish. Even such a huge purchase is not likely to stimulate people to invest more if they are scared by red market and massive selling. On the other hand, if a whale buy a lot, the price pumps usually, but I don't think that we should expect a very positive movement as for now.

Are you serious about this? 2 millions was nothing. It's not even a whale when it comes to the token with more than 20 billions valuation as per the current price and CMC. The recovery is causing bitcoin and those big buyers didn't wanna miss the chance to shorting the market. It's not only happening with shiba inu but whole of cryptos are also facing the same bounce as well. The correct thing must be caused by bitcoin. There's no good reason for the whale to enter into the game other than it with the hope bitcoin will able to go back to the 60k again. I think that it's clear that if your assumption is wrong.
If bitcoin would not recover and the whale will not try to buy more shib from the amrket.

Isn't that what is common when the market goes down, news will be sought as to why it happened and vice versa.
I think it's just an ordinary buying activity, the value is indeed quite large when compared to us who are only small players but not for the whole.
The increase in the price of Shiba is not due to the bought but because the market is recovery after a dump hard a few days ago, even the increase in the price of Shiba has not yet touched the highest price when the news of Kraken started trading in Shiba, so this movement is normal.

not only Shiba recovered, besides Shiba including bitcoin, Ethereum, Binance Coin, Dogecoin to Terra..
with the events you mentioned, do you think this will continue?

the decline that occurred in bitcoin trading, Monday 6 December 2021, fell by almost 40%, so the result of the decline affected the prices of Shiba, Ethereum, Solana, Dogecoin and several other cryptocurrencies. and recovered and started to rise on Tuesday, December 7, 2021 trading yesterday..
In my opinion and all of us, this correction is actually still a natural and reasonable thing, and this correction is an unavoidable part of the market, but so far it can still be exploited.

Not that I don't enjoy seeing things like this happen, or rather I enjoy thinking of the future when all memecoin holders cry and panic. I mean look at Dogecoin man. From 1200 satoshi to now 350 satoshi? That's almost like a 75% drop, at least BTC only lose 25% and looks like it could still go up!

You can bet your shirt this is a correction. And don't think it's not over yet!

The whale is also taking a very huge risk. Even though people noticed he bought it. How sure you are that the btc market wouldn't crash the alts, cause once btc crashes it. Even though he had a good port of shib, it will be affected as well. Its not like shib is one of the biggest coin out there especially its only a meme coin. Institution are probably thinking twice to follow that kind of whale suicide mission.

For me, this is some kind of attracting more people to invest in SHIB because of a trap that will happen later on or this is the start that SHIB will have its own season and end up in a huge price. However, this is not a guarantee that whatever a big whale started, it will soon to breakout. Not in the case of meme coins because aside from they have no use case, they are mostly affected when a big dump hits the market. So for me, what a big whale did was very risky as it may cause a massive loss in the end.

This is another scenario. Actually no one would know right? But the $2million budget isn't probably the only fund that whale have. Maybe for him that's just nothing compared to his portfolio and just trying out to do a little hype that if followed by another one could do another millions to him. Anyway if you follow or not his move we'll better prepared for the worse as well.

how likely is it that the shiba inu will become a token of value and good value for the future?
Of course the answer is the same for each of us, if we believe in Shiba Inu, of course we have an answer from each of us. but I personally really like shiba inu because the community is growing very well, from that reason I assume that the future of shiba will grow well because of the community. and i think for people who buy shiba nowadays it is very good to keep their assets

The large community does impact the price, even if it's just memecoin, but what do you think about Shiba in the future? I recently saw that Shiba would make a metaverse game, but I don't know whether the game will use Shiba or another token. If using Shiba it will undoubtedly add value to Shiba, no longer memecoin, but it already has a use case

That's a huge amount but I don't think that it is going to be having any effect on the market at all, and by the way how and when did you see the market being bullish? Or is it because of little market changes that you might have seen? Remember this is a $20 billion market cap coin. By the way there have been some big holders of SHIB that started selling their assets according to the news I saw on the Coinbase app.

So in a situation like this, I guess that the bull run you're talking about might not be something people are really going to be expecting right now? Or maybe if lucky, it might be happening before the current month of December is over.

IMO, I think each one of us has a different opinion regarding that event, but one thing is for sure no matter how big is that buy order we cannot change the reality that Shib is just a meme coin, and I think manipulation is very rampant especially that those whales have already ridden with the Shiba Inu hype and for me, it's very risky so if anyone thinks he is a risk-taker and love to speculate on Shiba Inu then it's your call and ignore those warning.

Well, thats not big enough for a trillion tokens supply project, But as per the statement said from the Shina Inu team, Shiba tokens are held already by a million investors wow thats massive! I'm curious about it? because that's a pretty big number of holders it means that Shiba has already dethroned Dogecoin correct me if I'm wrong? btw, just my opinion.

Its really a complicated question that if shib can turn into the positive momentum only for buying the coin by whales ?? Is it any way or strategy to enter on the market only for entering whale to the market ,it could be a trap .I think we need to research more after having something like that it could be two reason ,first is that there is something huge coming with the project and the second one is that it could be trap for you .So before confirming everything we need to avoid to enter on the market .Hope we can find the reason behind that and become success and also safe on our trading .

Nope. It needs more than that to recover its previous rally. I think it needs hype and more collaborations with high personalities added by massive advertising all over the globe to recover to its ATH. It brand itself as a DeFi token yet they use another token for that dex (Bone SHIBASWAP). Its community is driving the price only and not backed by fundamentals similar with many memecoins.

I don't believe whales nowadays, they often make up fake news, they claim to buy a certain coin worth $0000, the reality of another coin skyrocketing, what they say is deceiving the market.

Shiba actually went down, after they said something that confused the public, I often saw shiba burned $2 million, next week I saw another shiba burned $4 million, in fact nothing.

I think this is a whale who wants to pump SHIB into the top 10 and restore prices, remember that since the highest position the price of SHIB has dropped too far, this is the power of money, if SHIB is supported by strong money it can convince the public.

I think the decline in SHIB position on Coinmarketcap is still in normal condition because the previous SHIB position has increased drastically until it is included in the list of the top 10 coins, it is part of a position correction because currently the trend of top coin memes is not supported by the arrival of many new meme and NFT projects. Until finally Doge and SHIB will be victorious again in the next trend because they have dominated the market in the meme coin market category.

I am seeing this news is doing rounds in the internet today. Some whale had purchase 27 billion Shiba Inu tokens worth over two million dollars. I believe this is a speculative purchase because there was a FUD running in the market that Shiba Inu token will be listed in Robinhood exchange. So I believe the whale tried to bank on this news.

Eventually Robinhood listing wasn't done yet and the value of this token took a hit. That's why it's very risky to invest in meme coins which has no real use case and are actually worthless in real world.

Does it mean Shiba Inu is having good project, and it go up again despite of it's dropped in the market.
If you say shiba is supported by strong money is not a clear understanding to me, i want to know what you mean by that.

That much volume is beneficial for that guy who made $2 mln worth investment. When a coin has very low value, like in 3-4 digits after decimal they are easy to buy in bulk volume, thus little movement in their value, for example few cents could cause alarming change in their total asset value. Because every cent is multiplied by the number of coins you are holding. In the above case it would multiply in millions and thus turning this guy very rich in very short time.

There is just little problem here, he will need to be very patient until this up surge occurs since peeps would be selling as of now once they see some upward movements. Once Shiba takes few decimal up this guy could just make multi million bet out of this huge investment. It’s risky though.

The reason Ethereum whale bought Shiba is because Shiba Inu is compatible with the Ethereum ecosystem. Other ecosystems that encourage the Shiba inu to become increasingly attractive to traders are ShibaSwap, Shiba Inu Incubator and Shiboshi. When demand is high, will push the Shiba Rally even better. Another factor that makes traders confident about Shiba recovery is that Shiba is already listed on the Coinbase crypto exchange. Traders are waiting for Shiba to continue the positive trend, this time if shiba recovery happens, it's not the result of Elon Musk's cool hand polish.

Shiba innu is very risky now already give us unbelievable profit so invest more than in this coin I think risky because this is community base token and working mostly influencer tweet so invest only some amount which we can afford in the case of loose

If this is a coin that targets success on influencers, it shows that they do not have a good development concept in the future, this type of coin relies on hype which makes us more risky, even if we want to invest in shiba inu, then we naturally have to do purchase in general capacity, until now I personally still not sure shiba inu will develop like dogecoin.

I think that the whale that is doing this is because he actually has a great plan, and one of those plans is that that whale can have inside information, it is well known that that emme coin goes up when BTC goes up in price, so it may be that have the data of when it will rise more or less and at that moment people will enter to buy Shiba, because it is natural that many want to enter the currencies when they are rising, so they do not lose the movement, and I think that at that moment the whale will sell to make a profit, because that meme coin can really be a huge risk to have and more in these moments of the market, the whale is waiting for the right moment to sell.

I think if the shiba inu has its uses for the future then it is possible that the price and shiba inu fans will exceed from now on. the usefulness I mean is in the form of its use in games as you mentioned, namely the metaverse game. I think that regardless of the type of coin, if it has many use cases, the price and development will also increase, as well as the shiba inu

It's another pump and dump scheme to manipulate the market to a temporary hype that can attract small to medium type of investors who lacks knowledge about these scheme and trap made by whales. Because why would someone purchase such large amounts coins worth $2 Million, right? They're the unknown Elons Musks alikes.
Lucky for those who doesn't get involved to invest in memecoins to play it safe, and also there are ones who also got lucky to join the hype and made profits before the dump.

Shiba Inu's top and only competitor is Dogecoin but SHIB will have a lot more longer journey to go just to surpass DOGE or even match its level. For now, SHIB is just starting to have its potential to grow but thinking that it can be a long-term project to invest is quite a bit foolish and too early to decide for now.
That $2 Million bought is a scheme only to attract small investors and eventually, he/she will dump that leaving small investors in tears.

I do not regard this as a signal to buy, rather it is surprising how many can regard it as a signal. Such volumes can hardly be called even a correction or a change in the trend on a coin. Good luck to all those who are trying to earn money for a happy life on the train, the main thing to remember is that any train has the last carriage.

I don't think it's much of a long journey going by the difference in both marketcap which isn't much. While Doge is at $21b+, Shiba is slightly over $19b. It's less than $2 billion apart. Not much to catch up to Doge which is at number 11 on the list as against Shiba's 13th, if you asked me. Interestingly, both cryptos seem to be enjoying the presence and patronage of the same man - Elon Musk. For me, both cryptos look promising with several exchanges having them on their sites. It shows potential for future growth.

As the price frenzy reversed in recent days, the crypto world’s attention has been fixated on a “whale” wallet controlling billions of dollars worth of the token. There was unsettling news for all the minnows who bought Shiba Inu and were sitting on paper gains of a lifetime: The whale has been moving the coins into different wallets, raising concern the holder was about to sell.

Get ready for the prices of cryptocurrencies such as Bitcoin, Ethereum, BNB, Solana, Dogecoin, Shiba Inu, etc. to return to an uptrend in the third week of December 2021. After tending to weaken, predicted to move up.
The crypto asset market in the past month is getting a red report . Referring to Coinmarketcap, the five crypto assets with the largest capitalization have all experienced price corrections..

You said that 2 million dollars worth of Shiva Inu tokens were bought. It will not have much effect on Shiva Inu. The main reason is that Shiva Inu trades more than this every day. Shiva Inu is definitely a very good project. This project has the potential to be much better in the future. I think as far as possible it can go 0.02 $. So if you want you can buy it for the future. But you can't trade shots with it. It will not make you much profit.

Trading volume, liquidity and number of holders all matter in this case. Shiba started out with pre-minted and all given to different places so I have always hated for that. No matter all that fun, all that profit, all that memes, all those jokes, all that hype, doesn't matter to me, as long as it is not a fair thing then I will not invest my money and yes there are many that believed in it no matter the centralization but I won't.

However, when a token gets bought this much and that money is withdrawn from the trading and from the exchanges and stored somewhere, that is a good deal for anyone and it would help the price go up a lot faster for sure.

Is this related to the news that someone bought SHIB from a scammer who scammed lots of people for a fake project? Then I guess this can affect the system of SHIBA and people might panic because of this. Though this is not that big but still it can affect its price for at least a day for sure, and still this is a meme token than is more volatile compare to any project so better to be careful always and know when to buy and sell to avoid being trap on a meme token.

his target of 2 cents is for me a very very long journey to go as right now, it is valued $0.000032 - he's aiming like 625x over from the current price! this will be possible if in case, this yet another meme token will survive and the dev team behind will not rug pull later on. as you said, you can't see the real use case for this token - because there's none. why do you think people are buying this token - because of its use case? nope. it is because they are hoping that they will hit the jackpot here and will get rich because of this token. so they are hoping that someday, if it will pump big, they can sell their stash. will this happen?

Shiba inu development team is trying to revive the hype again by promising a new NFT game in partnership with an ex-Activision Blizzard vice president and by introducing the crypto currency in more big exchanges.

But despite this apparent effort, there are no positive results, as the market continues pessimistic regards the token.

I believe the only thing which made shiba inu hyped for a while was the support from Vitalik Buterin and the jokes from Elon Musk, who was also believed to be a supporter until he denied it publicly.

Now it's over, so it's better to stay away from this meme coin in order to prevent losses.

this altcoin should win the nobel prize for being the most manipulated altcoin in history I'm sure it would win the nobel prize in that category if such a category existed. why do people buy this altcoin so much even knowing the manipulation? I once saw someone say that the price would be 1$, man I was shocked because the person posted a video on the pornographic channel, it was a youtube video, but they paid for advertising on the pornographic site

All promotions carried out by altcoins are solely to develop the coin in the future, but never get caught up in conditions that will affect future risks, altcoin categories that have stability and tend to grow, usually have development targets, growing teams and communities, II don't think all altcoins can do that, considering that in crypto today too many memecoins have been launched, which makes altcoins even more competitive.

Only some altcoins have a chance to do that and can increase so high. But people like to follow the hype, especially if the price can soar in a short time. And that is why people still hunt for that altcoin because they know that many altcoins can do that, especially for meme coins, as the hype coins are still there. So they do not want to miss the chance to involve in the meme coins. But I do not know with Shiba for sure as this meme coin is like Dogecoin that needs to wait for a while to increase higher.

Musk's announcement and this.

I honestly don't know what the deal is with SHIB anymore - it does not have the community appeal of DOGE and it has no use cases and a huge premine given to Vitalik that he can dump at any time.

You'd have to be a special kind of stupid to speculate on this stuff. Avoid at all costs.

$2 million usd to buy memecoin is a confusing choice in my opinion but all investors have the option of pumping up the price then they will make a quick trade to make a profit.
actually there are still many coins that have good fundamentals, but some investors can't choose that coin because there are too many coins in the crypto market and they will choose coins only with trending topics, that's what I think.

A crypto coin with multi billions daily trade volume will not be affected with 2 millions USD buy orders. This may be different when it was around 100 millions or more buy orders in the market. The recovery is happening as per the recovery that happened with bitcoin as well. 2 millions USD was very small amounts of money to be used to pump multi billions token in the market like shiba inu.

It will not push users to buy shiba. Massive buy will be happening when there are very big whales buying or earting all of sell order at once. This can be called as an organic pump by the whales.
The whales will always be speculating this token. I can't deny that shiba is very similar like doge coin to be used as pump and dump token. Remember that this is starting from a garbage token.

Shiba tokens are fantastic, never make people hesitate to buy and invest, large transactions make us believe that there are millionaires behind Shiba, of course this will make the team optimistic to be able to develop Shiba even better.

A very correct observation. If any eccentric millionaire can easily part with several million dollars by buying an empty meme coin Shiba, this does not mean that other sensible investors, in this example, will be ready to lose their, even 100 dollar investments.

I am 50% sure that there is a way to launder money via Shiba and that is what the rich people are doing and that is why there is a hype around it. There is no logical argument over why Shiba should be even considered a decent investment for any sane person. Don't get me wrong, I am not one of those people who do not understand crypto, I have been in this world for 8+ years, getting closer to 9 years in 2022 march, so I have been in crypto space a long time.

I even get NFT, I get metaverse, I get everything but will never understand the hype around 2 things; 1) I never understood it for XRP because it is HIGHLY centralized but then everything became more centralized anyway, 2) Shit memecoins. I mean if it had any value at all or any use case then I would understand it but there is literally nothing that can be done with it so it is totally weird for them to have some value.

If based on whales who buy SHIB in large quantities, I don't think that's a reason to invest with this memecoin, I think it's very easy for people who have a lot of money to manipulate the growth of meme coin, so be careful mate,,!!!! Personally I really doubt SHIB can develop further, that's why I really avoid coin memes because the risk is very high, you should consider investing with SHIB because the hype has  run out actuallyof this coin.

Many people have the courage to choose popular altcoins, compared to memecoins like Shiba Inu, altcoins have a good level of stability, even though the selling and buying prices are not that high, in contrast to memecoins, developers or collaborations with smart contracts may end up halfway, which causes us to lose and will lose the memecoin, to avoid such things, so many people prefer altcoins.