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.