Shiba Inu (SHIB) In a short time, it attracted the attention of the entire crypto money industry and with its record rise, the buyers were satisfied and those who did not regret it.
On social media, most SHIB buyers are touted as “novice” investors, but the situation may be very different.
SHIB Rise Has Stopped
According to the information provided by CoinDesk, professional and sophisticated cryptocurrency investors may have contributed to the rise of the SHIB price.
It is reported that professional investors have contributed to the SHIB board with an investment of 160 million dollars in recent weeks.
According to the information provided by CoinDesk, although SHIB is still an asset mostly bought by individual investors, this is not the only reason for the 1000% rise in 30 days and professional investors or “smart” money is also a component of it.
According to the information provided by the blockchain data firm Nansen, Wall Street has received SHIB repeatedly in the last period, and the events especially intensified earlier this week.
In addition to Nansen’s report, Santiment also stated that while the price was still around $0.00002885, institutional investors and whales started to buy.
Yet these reports are actually only “individual” and dispel the bias that novice investors receive SHIB. The rise of the SHIB price seems to have stalled for the time being, which may actually be due to the bulk sale of the whales in question.