Ethereum whales bullish on Shiba Inu price

[Bitstar_coin]

      "Ethereum whales buy $20 million in Shiba Inu, anticipating a bullish breakout"

Ethereum holders have accumulated $20 million worth of Shiba Inu through the recent bloodbath. Analysts believe Shiba Inu could recover from its price drop and rally towards its target of $0.000035.



Based on data from WhaleStats, Ethereum’s large wallet investors, whales, have added $20 million worth of Shiba Inu to their portfolio. Whales have consistently scooped up Shiba Inu during crypto market bloodbaths, fueling a bullish outlook on the Dogecoin-killer.
The total Shiba Inu holdings of Ethereum whales now stand at $1.79 billion worth of SHIB. Shiba Inu has consistently constituted nearly 17% of Ethereum whales’ portfolio.

According to proponents, the news of Shiba Inu’s metaverse project, Shiba Lands is another bullish catalyst. Despite bullish catalysts, the Dogecoin-killer’s price is struggling to recover from the recent drop in price.

Cryptocurrency analysts at the YouTube channel CryptoTD evaluated the Shiba Inu price trend and predicted that after crossing the key level of $0.00002950, the memecoin has remained above moving averages. The analysts are bullish on the Shiba Inu price rally and set a $0.000035 for the memecoin, a 12% climb for the current level.

FXStreet analysts believe the Shiba Inu price trend could show signs of strength. The target for Shiba Inu price is $0.00005. Analysts argue that the point figure chart of Shiba Inu, used to predict price movements without considering time, shows no signs of a pullback.
 
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Will this news create fomo on the Shiba Inu project to cause a possible breakout for a price pump? Although, I do not hold any shib token I know some forum members do so am sharing this news for them to read and understand their position as a holder.

[Anonylz]

This is whales is gonna be the first to sell off too once the price increase another 100% in a single day due to retail investors pump leaving small time trader holds the SHIB tokens of whales that sell-off. The metaverse news in Shiba Inu is purely just a hype move. Twitter hype and leeching DOGE fame is not working anymore which leads to this kind of idea just to get again the spotlight from meme coins blind followers.

Shiba Inu is definitely one of the dangerous coin trade since it's really famous and most of the whales is already position on very low price. Good luck with that!

No doubt about it, they are doing this to create fomo and pump the price to their desired amount before they dump on fomo buyers, if they are accumulating for long term it would have been better for the shiba inu holders but that is not the case, there are hype in every project, only few people know how to take advantage of it, and projects like shiba has always base on hype to keep the momentum goin, i don't know if there is any utility behind the project that will preserve price value long term so this is probably the only way to awaken awareness.

[Hypnosis00]

Ohh, this person tries to manipulate the price of Shiba Inu and it believes that he will be the one who sold them once the price spikes high. I can't even believe that people will still think that it wasn't a trick as it is obvious it was.

Don't get tricked with this idea or else, you'll become a victim. Coz if that possible that the price of this coin will gain another high, that for sure it comes during the bullish season, not this time. So I don't think about buying them after seeing this huge investment, it wasn't looking good anyway.

[masterrex]

Whales are bullish on Shiba Inu? of course why not they have a large investment in it. that's why they are very optimistic about it. the problem is if those so-called whales are going to dump their holdings Im sure that the market cannot absorb it and it will result in a massive price dump and many will be affected. that's why it is better to observe first before doing it and if somebody wants to gamble then it's your call good luck!   

[shinratensei_]

When the whale has been moving and this could be considered as a signal. It seems like that bitcoin will be bullish again if the whales already accumulated more shiba inu to his pocket. Im thinking if this is another signal from the whale about the next bullish market. Another possibility of the whales are paying the news to create FOMO for shiba inu and then people will be preparing their money to follow him.
I think that it seems like that the time for shiba has almost come to be pumped again. I see that bitcoin is not getting moved but altcoins are turning into the green again.

I see that some whales are also accumulating another altcoin like matic other than shiba inu.

[DeathAngel]

SHIB has had its day now, I don’t think it’s due a pump, not a significant one any way. It will rise again but not imminently in my opinion. You may have to wait until after the next bitcoin halving & bull run before SHIB makes large gains again.

[WalkerIVIV]

It sounds like from the news the whale wanna say if whole of crypto market will be bullish. I do know that coz bitcoin is rally again right now and it's trying to break 45k resistance again to jump again to the 50k. the whales are still in the preparation for anothe bullish scenario for shiba. is not it coincidence with bitcoin that turns bullish right now? I do believe if when whales are accumulating a lot of tokens and that means if we have reached the bottom. So far so good to see bitcoin has upper bottom again other than 29k that already achieved last 2020. This year gonna be epic when bitcoin will be surpassing its ATH which was around 70k.
Im waiting  for that to happen and probably soon we will see that. bought some shiba too.

[Reid]

The question is for what? I doubt it will be for a long term position.
Most of the investors I talked with are just buying the coin just for the profit and I am assuming this is what whales will do until the hype subsides.
As long as they see profit in it, they will not stop buying the coin and selling it back for profits reasons.
There is nothing behind it but all just for trading purposes and making money out of nothing. And yes, it is being manipulated.

[Jackl87]

     "Ethereum whales buy $20 million in Shiba Inu, anticipating a bullish breakout"

Ethereum holders have accumulated $20 million worth of Shiba Inu through the recent bloodbath. Analysts believe Shiba Inu could recover from its price drop and rally towards its target of $0.000035.
 

This sounds more like a advertisement or a pushed news from the Shiba Inu team or the Shiba Inu community then a neutral news from a neutral website. I mean there is nothing wrong with that as a lot of projects are doing this kind of stuff. I especially like those weird comparison charts where their own projects always fulfill every category while the other projects of course are at least missing one of those or in most cases even more than one. Of course the categories are picked by the team of the project itself so that the own project does look good, even though it may be lacking on far more important factors that are not shown in the table.
To be honest, i think the days of the meme-coin hype are over and i am pretty happy about that.

[crwth]

Oh no. Topics like this makes me feel like I want to go in with the market. Just try to risk something that I'm comfortable with and it's going to be a gamble. That's how trading works right? Lol. Anyway, I'm not sure why they are trying to pump it again. I think it could be a great asset (if it makes you profit) and if you continue to purchase it and if you believe in it.

They couldn't probably have the guts to diamond hand it all the way, they are just probably going in for a quick buck.

[Zotak337]

Whether bullish or not Shiba Inu is the type of altcoin that I'm ready to take a risk on I believe it's worth it for the long term or short term, this project has easily accomplished what many big projects can't, if the bear market comes I will gladly buy even more for a cheap price.

[tsaroz]

Why there's no impact in shiba if it's true ? Actually i check the graph and what i see on its daily time frame it has 2 long green candle only which is from feb 5 to 6 and the rest days are correction. That's why i'm wondering why there's no sign of panic buying because  usually shiba inu price really increasing drastically when there's good new especially if its from whales..or maybe investors are busy buying NFTs and meta and don't have enough time to gamble in shiba inu.?.Lol

They might be buying in the dip and not selling. They are creating a resistance and not willing to buy above a certain price. That would make the market look like not going above while holders gather huge sum in cheap price. The NFT based token from Shiba Doge killer already have a huge price hike and anyone getting involved in metaverse would probably directly buy the leash token.

[Psynthax]

Why there's no impact in shiba if it's true ?

The price of shiba inu have been jumping a lot and why didn't you see this? You can't even know what rate the whales bought back the shiba inu token. please check 1 month chart of shiba inu on CMC. it shows that a big growth already happened and this is also a sign for the next bullish trend will happen with shiba inu.

Actually i check the graph and what i see on its daily time frame it has 2 long green candle only which is from feb 5 to 6 and the rest days are correction. That's why i'm wondering why there's no sign of panic buying because  usually shiba inu price really increasing drastically when there's good new especially if its from whales.

The situation is always changing and people are doing smart move right now rather than try to be trapped by the bullish market that can become bulltrap anytime. investors are still in accumulation mode. Bitcoin is showing if another big pump will come soon. The tension in the market can change so fast. The global condition is also affecting the market. people aware about this. Just because 20 millions buy on shiba inu didn't mean it will drive panic buy. 

[yazher]

This is whales is gonna be the first to sell off too once the price increase another 100% in a single day due to retail investors pump leaving small time trader holds the SHIB tokens of whales that sell-off. The metaverse news in Shiba Inu is purely just a hype move. Twitter hype and leeching DOGE fame is not working anymore which leads to this kind of idea just to get again the spotlight from meme coins blind followers.

Shiba Inu is definitely one of the dangerous coin trade since it's really famous and most of the whales is already position on very low price. Good luck with that!

This is why it's scary to invest when the price reached that high because they can actually massively decrease the price once they sold those huge numbers of Shiba Inu. We need to consider that in the future if we don't want to be left waiting for the price to pump again. On the other hand, veteran investors are enjoying it, especially those who know their thing when a bullish market of a certain coin will happen. They tend to ride the market and have their own escape plan whenever the price drops again.

[Fundamentals Of]

That's what whales do. During the bloodiest of days in the market, they would accumulate as many as their wealth could afford them. By the time the market starts to recover and they have already registered a significant increase in their investment, they would also dump them. That's what happens with their game. Small investors should be careful about these whales entering the market. They're mostly there to manipulate and pump and dump the price.

[traderethereum]

The news will make Shiba Inu supporters happy because Ethereum whales back them by buying a lot of Shiba.
Maybe it will also have a price increase effect on Shiba in the future because the developer also seems to be continuing to work on the project.
But I don't know, time will answer and we will see something about Shiba.
This also makes me want to buy some Shiba but I still want to look around for a bit.
Maybe I'll decide to buy Shiba again later.

[WalkerIVIV]

A good news for the shiba community. I know that the whales have been accumulating shiba inu since the big dump already come. The whales are just revealing this after the price of shiba inu already started to rebound. I would not be surprised if there would be a news like this caused by the whale wanna try to attract more and more small shrimp to buy shiba by telling people if the whale already accumulated more and more shiba inu. it seems like this new already created to build the hype. It's easy to paid the author to create an article like this. I think that this is a part of pump scheme that will be doing by the whales.

[rhomelmabini]

I see a whale's play here and I think it's a risky one but if indeed it will be successful then I'd see a huge probably of profit here. If indeed a bull run will be reclaimed I think these altcoins like Shiba Inu will see a massive upside and who knows it will join the top 10 with the highest market cap on CMC.

[TastyChillySauce00]

whales became bullish in shiba maybe because the recent news of shiba owned smart contract platform as second layer.
if altcoins that are brand new like matic could build their reputation and fame in such short amount of time with such great growth, I’m sure shiba with their own second layer smart contract blockchain platform could do a lot better than altcoins like matic.
maybe they sees a great opportunity of flipping their investment with shiba that’s maybe the only reason i could think of.
regardless if shiba could become such a huge platform that could compete with the likes of BSC surely they could raise their market capitalization significantly.

[adzino]

The same whales are going to be the one that dumps all the SHIB they have invested in. They are taking the opportunity of this bloodbath to invest as much as they can and cause a small rise on the price. This small pump will give people hope, articles like the ones you have posted will start flooding the internet and then people will FOMO into it cause the price to be bullish. The whales will start dumping their coins, others will follow and those who FOMOed will make a loss if they sell, so they will either keep on holding or cut their loss short. This is how meme coins usually work.