After rewriting my transcripts for tomorrow's Chapel Service, I visited the Cent tribe to upvote posts there. After reading @alt-runner's announcement about the Top Contributor Contest, I think that "minimum 100 words long post" is doable despite my hectic schedule. And so as usual, I just picked an article from coinmarkets.today and what caught my attention is a Meme token.
Yesterday, I wrote about GFOX and WIF. This time, it's about SHIB.
I haven't invested in Meme tokens. Despite the promised profitability and hype, I am still doubtful if Meme tokens are for me.
I find what recently happened to SHIB very interesting. Imagine, a profit of 8.24 million USD after a whale sold a massive amount of 533.6 billion SHIB tokens for $15.99 million in DAI stablecoin. We are told that the whale controls 11 wallets.
Transactions like this tell us that buying Meme tokens isn't for newbies. An amateur will get nervous reading updates like this.