$2 million worth of SHIBA INU bought

[Wysi]

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 ?

[Tytanowy Janusz]

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.

[crwth]

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.

[Looper_U]

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

[Jackl87]

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 ?

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.

[WannaCry]

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

[GbitG]

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.

[Doell]

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

so delicious sounds  ! 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

Supply Circulation : 549.009.053.797.103 SHIB
Total Supply : 589,736,435,733,734 SHIB
Max Supply : No Data

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?

[the ghabbar]

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 ?

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?

[wheelz1200]

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 ?

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.

[Quidat]

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 ?

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.

[Queenboss]

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.

[livingfree]

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 ?

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.

[Lizzylove1]

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.

[milewilda]

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 ?

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.

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.

[AmoreJaz]

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 ?

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.

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.

[Scripture]

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.

[Coyster]

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 ?

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.

[asriloni]

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?

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.

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 ?

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.

[yazher]

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 ?

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.