Why whales are buying Shiba Inu?!🧐
What is going to happen in the Shiba Inu Ecosystem that causes whales to buy?
Why whales are buying Shiba Inu?!
CNBC anchor Jim Cramer spoke on the ‘Mad Money’ segment, urging investors to avoid investing in “risky assets.” The television celebrity cautioned his viewers not to “get memed,” referring to Dogecoin, Shiba Inu, and other meme-tokens.
Cramer also quoted Federal Reserve Chairman Jerome Powell as saying, “Stop doing stupid things with our money.” “Don’t get memed,” Cramer advised. Avoid being SPAC’d. “Do not get crypto’d.”
Furthermore, the term “Jim Cramer said don’t buy SHIB” started trending on Twitter, with many declaring they would do the reverse of what he suggested.
For those who are unfamiliar, Jim Cramer was one of the first financial media personalities to discuss Shiba Inu on national television. Cramer asked Robinhood CEO Vlad Tenev on October 22, 2021, whether the trading site will list SHIB.
Cramer and Tenev spoke about the matter for about a minute, and the Robinhood CEO delivered a hazy response.
A day after the CNBC Mad Money show in which Jim Cramer advised viewers to avoid the token, whales bought 643 billion Shiba Inu worth $155 million. This buying spree happened over the weekend, when “Jim Cramer said don’t buy SHIB” was trending on social media.
Surprisingly, SHIB rose to the top of the ETH-rich list over the weekend after the Mad Money program aired on CNBC. Despite Jim Cramer’s advice to viewers not to acquire meme-tokens, data from WhaleStats reveal that whales bought up Shiba Inu.
At the time of writing, Shiba Inu is trading at $0.000012 USD with a 24-hour trading volume of $365,727,365 USD. Shiba Inu is up 0.04% in the last 24 hours.
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