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 ?
Isn't that what is common when the market goes down, news will be sought as to why it happened and vice versa.
I think it's just an ordinary buying activity, the value is indeed quite large when compared to us who are only small players but not for the whole.
The increase in the price of Shiba is not due to the bought but because the market is recovery after a dump hard a few days ago, even the increase in the price of Shiba has not yet touched the highest price when the news of Kraken started trading in Shiba, so this movement is normal.