Shiba Inu is now the biggest investment of these whales after the second most popular coin—Ethereum
According to data provided by WhaleStats, SHIB has again become the largest reserve of top ETH whales after Ethereum. This position was previously held by FTT (FTX Token) for quite some time now.
This means that Shiba Inu is now the biggest investment of these whales after the second most popular coin—Ethereum. WhaleStats reports that the overall amount of SHIB hodled by the top 1,000 ETH wallets is worth a whopping $1,459,250,776. As for FTT, the second biggest investment, for the time being, these top whales own $1,215,547,517 worth.
Crypto burn tracker @shibburn announced that in the past 24 hours a massive amount of SHIB tokens have been taken out of circulation, totaling 1,351,643,000 Shiba Inu. At press time, SHIB is trading at $0.0000238, down 4.36% in the past 24 hours according to data from CoinMarketCap.
Shiba Inu kicks off early access to land bid event
According to an announcement by the official SHIB Twitter handle, the first stage of the land sale in SHIB: The Metaverse might be ready to take off this weekend.
Explaining in more detail the details of the sale of the land in SHIB: The Metaverse, the draft indicates that there will be three stages. The first stage, which is the application event, marks the start of engagement with the first stage of the phase release for SHIB: The Metaverse and its land sales.
The bid event is expected to last for three days, or 72 hours, from inception and is the earliest access to some plots of land. Ahead of the three-day event, participants are expected to lock their LEASH or their Shiboshi NFTs, while all bids will be made using Ethereum.
As previously covered by U.Today, Shibarium, the layer 2 (L2) on which SHIB: the metaverse will be developed, and SHI, the Shiba ecosystem, is currently in development. Shibarium is said to be in Alpha stage and may soon enter Beta stage. The SHIB Burn portal may also be entering the final stages of its development.
