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 ?
The buyer's plan seems run flawlessly, i'm sure they bought a lot of shiba to make people blow it up on forum and media like this means he trapped the newbies and pump shiba price, and i'm sure when he already in profit position he will sell all of his shiba.
A memecoin is never worth to invest no matter how big the name and how popular the name is, it could be gone someday and you will lost all of your investment, so be careful.