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 there is a correction in other currencies, I don't think that shiba will be bullish. Even such a huge purchase is not likely to stimulate people to invest more if they are scared by red market and massive selling. On the other hand, if a whale buy a lot, the price pumps usually, but I don't think that we should expect a very positive movement as for now.