I think whales for now pretty much control this token by dumping/rebuying in lower and expecting panic sales to forward their agenda and make their profits and collect more shiba in the end. Now we know what the supply is, the total amount of tokens will be, what it will be used for etc. When it was announced that $BONE would be the “gas” for Shibarium a lot of people bought in as the minting continue unabated…of course the manipulation tactics brought the price down hard, as we retreated with the rest of the market in Crypto Winter. I feel the whales would get rid of the paper hands by holding it down and surging then dumping to create an uneasiness with retail buyers, flippers, and newbies…however, after the DAO to stop minting at 230 million and the fact that the announcement of Shibarium to soon arrive many more holders have been added. Of course the whales are doing their best to dump to discourage the newcomers…but best believe the price is where it is because that the supply is being absorbed. If you are in this for the long run…JUST KEEP BUYING. Price jumps up a dime? BUY. Dumps happen? BUY. BUY AND HOL
Not A Financial Advice
2 years ago in #shiba by nanimi (47)
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