Quote from: Wysi on December 07, 2021, 05:19:46 PM

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 am seeing this news is doing rounds in the internet today. Some whale had purchase 27 billion Shiba Inu tokens worth over two million dollars. I believe this is a speculative purchase because there was a FUD running in the market that Shiba Inu token will be listed in Robinhood exchange. So I believe the whale tried to bank on this news.

Eventually Robinhood listing wasn't done yet and the value of this token took a hit. That's why it's very risky to invest in meme coins which has no real use case and are actually worthless in real world.