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 ?
I don't believe whales nowadays, they often make up fake news, they claim to buy a certain coin worth $0000, the reality of another coin skyrocketing, what they say is deceiving the market.
Shiba actually went down, after they said something that confused the public, I often saw shiba burned $2 million, next week I saw another shiba burned $4 million, in fact nothing.