$2 million worth of SHIBA INU bought

[Ebede]

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.

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.

[so98nn]

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.

[mamesso]

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.

[arbifahrozy]

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

[the ghabbar]

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.

[LUCKMCFLY]

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.

[abralzain17]

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

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

[Rufsilf]

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.

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.

[Finestream]

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

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.

[jeungo]

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.

[Mpamaegbu]

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.

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.

[Rahman11]

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.

[Valak]

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..

[repear7]

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.

[RealMalatesta]

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 ?

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.

[crzy]

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.

Shiba inu being a meme token can also go to zero any day as well, it's just speculation on which it is still being pumped and there is no real use of this coin in the world. People are buying it just for the sake of speculation and that it can make you rich very quickly just like DOGE which have made quiet a few people millionaire. I guess it is not the right time to buy Shiba inu and that we should wait for a hard dump for buying it again.

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.

[AmoreJaz]

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.

Shiba inu being a meme token can also go to zero any day as well, it's just speculation on which it is still being pumped and there is no real use of this coin in the world. People are buying it just for the sake of speculation and that it can make you rich very quickly just like DOGE which have made quiet a few people millionaire. I guess it is not the right time to buy Shiba inu and that we should wait for a hard dump for buying it again.

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?

[uneng]

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.

Shiba inu being a meme token can also go to zero any day as well, it's just speculation on which it is still being pumped and there is no real use of this coin in the world. People are buying it just for the sake of speculation and that it can make you rich very quickly just like DOGE which have made quiet a few people millionaire. I guess it is not the right time to buy Shiba inu and that we should wait for a hard dump for buying it again.

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.

[Slow death]

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

[the ghabbar]

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.