Pippen backs $SHIB : $110 million whales buy as Golden Cross occurs
The formation of the Golden Cross of Shiba Inu has triggered a massive accumulation of whales worth $110 million, as former NBA star Scottie Pippen backed SHIB during the 2025 bull cycle. This technical pattern indicates a potential explosive rally for the meme cryptocurrency amid the current growing institutional interest.
Pippen's backing of SHIB and the Golden Cross signal
Scottie Pippen posted on social media his cryptocurrency predictions for the bull market, specifically mentioning SHIB among his picks. The former NBA champion stated:
Besides Bitcoin, which cryptocurrencies are you watching in this bull run? Here are my recommendations: $ETH $SOL $BNB $XRP $Ball, also known as @GamesBall $ADA $DOGE $SHIB $LINK.
This Golden Cross pattern of Shiba Inu coincides with Pippen's endorsement and, at the time of writing this article, generates a double bullish momentum. The golden cross occurs when short-term moving averages surpass long-term ones, which historically indicates a bullish price movement.