Post
Topic
Board Altcoin Discussion
Re: $2 million worth of SHIBA INU bought
by
erep
on 09/12/2021, 17:38:07 UTC
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.
The purchase information of $2 million in Shiba coins is valid news after verifying through transaction tracking the whale wallet has made a purchase transaction of $2 million Shiba coins, the wallet is already holding Shiba with an estimated $150 million but due to the declining market effect the news is not affected by Shiba price increase.