Beware of market manipulation in $SHIB 🤯💥📈
After further exploration of blockchain, we discovered a worrying trend: an anonymous whale using what is known as the Wyoming Curve.
Unveiling the manipulation scheme
This whale manipulates the price of Shiba Inu ($SHIB) in a stealthy manner, causing temporary declines followed by dramatic increases. There is a greater than 60% chance that SHIB will lose a zero in the next three days.
Understanding the whale's strategy
This whale first started by regularly purchasing small amounts of $SHIB, gradually stabilizing the price. Unfortunately, many traders, unaware of this manipulation, have inadvertently contributed to the whale project by jumping on the bandwagon.
The consequences of manipulation
Once this whale exhausted its capital of approximately $1.8 million, the price of the Shiba Inu shot up significantly. However, as the price trended downward, the whale began dumping larger quantities of SHIB, causing a sharp decline.
Future Market Dynamics
Now that the whale has reversed its strategy, we expect the $SHIB price to rise again as market dynamics change. However, it is crucial not to be greedy and invest all your funds, even if the new projected price could yield substantial profits.
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