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 ?
Nope. It needs more than that to recover its previous rally. I think it needs hype and more collaborations with high personalities added by massive advertising all over the globe to recover to its ATH. It brand itself as a DeFi token yet they use another token for that dex (Bone SHIBASWAP). Its community is driving the price only and not backed by fundamentals similar with many memecoins.