$2 million worth of SHIBA INU bought

[kanayaTabitha]

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 ?

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.

[josephdd1]

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 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.

[Teraboy]

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.

[Strongkored]

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 ?

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.

[Kkhair]

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.

[slaman29]

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!

[cryptoaddictchie]

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 ?

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.

[Vaculin]

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 ?

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.

[cryptoaddictchie]

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.

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.

[abralzain17]

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 ?

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

[azhariejaya]

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

[savetheFORUM]

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 ?

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.

[masterrex]

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.

[Kunotcoin]

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.

[sarmrakib]

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 ?

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 .

[Koro-Sensei]

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 ?

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.

[Frengki_cisco]

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 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.

[Kadal Ijo]

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 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.

[maartenhaha]

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.

[avikz]

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 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.