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 it's only coming from one investor then I highly recommended not to do so, because it only took one move to change the situation of SHIB market again. You better be careful with this because it only came from a single source where they can manipulate its market easily unless after it there will be many investors will buy SHIB. then the price will rise again and you have an opportunity to decide whether you gonna join them or wait for a while to do so. Altcoins price is not like bitcoins, some of them never recover until now because of lack of development. so stay vigilant and don't get carried away by the hype.