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.