Entertainment media – such as films or books – are useful in this aspect as case studies they provide students with an organisational frame of reference to better understand both situational contexts, and importantly, the human dimension behind financial numbers. Instead, a contributing factor is that the teaching of finance and other business disciplines presents the challenge of linking theories and conceptual models to the “real world”. However, the ethical lapses often associated with finance are not always intentional. The consolidation occurred after the pump took place for more than 17 days.Film analysis: The Wolf of Wall Street ForewardĪ pervasive moral stigma follows the financial sector, which has a dogged reputation for unethical and illegal behaviour. Previously, Shiba Inu was trading at $0.000088 before swiftly dropping to October levels.Ĭurrently, the asset trades in the pre-pump zone that was reached after a rapid 240% increase back at the beginning of October. Shiba Inu has lost approximately 70% of its value since the last ATH.
The main reason behind the holding’s value drop is the negative price action on the asset itself. The large drop in the profitability of SHIB token appeared after the meme-based token dropped through the $0.000045 support, which indicates that the majority of traders have entered their positions closer or at the aforementioned price. The percentage of profitable Shiba Inu wallets was previously at approximately 75% while the asset was losing its previously gained value. The same principle goes for retail traders who are mostly losing money or breaking even on the market, according to IntoTheBlock. Notably, whales may be accumulating even more of the cryptocurrency ahead of these rises. According to cryptocurrency analytics firm Santiment, SHIB transactions exceeding $100,000 have generally surged ahead of cryptocurrency price rises. The meme-inspired cryptocurrency is the whale’s largest holding.Īs CryptoGlobe reported another well-known whale, Gimli, has been also accumulating SHIB. Gimli added SHIB in transactions worth millions of dollars to get close to $100 million worth of the meme-inspired cryptocurrency in its wallet.ĭata has shown that whale transactions have helped fuel Shiba Inu’s price rise this year.
One whale with over $800 million in various cryptoassets added over 1.67 trillion tokens to its wallet, while another one with $300 million in assets added 72 billion SHIB tokens, worth just over $2.5 million, to its portfolio. As CryptoGlobe reported, the number of addresses holding SHIB surpassed the one million mark in November.Įthereum whales have notably been accumulating SHIB over the last few months. Notably, the figure shows that most Shiba Inu investors are simply holding onto their tokens, as Etherscan’s data shows there are currently 1.075 million SHIB holders on the blockchain.