Shiba Inu (SHIB) is once again back as the largest holding of ETH whales after Ethereum, according to data provided by whale watching platform WhaleStats. This position was previously occupied by the FTX Token (FTT) for some time.
SHIB tops the list of ETH whales
This development means that Shiba Inu (SHIB) is currently the second most popular cryptocurrency, after Ethereum, the largest investment of these whales . WhaleStats reports that the total amount of Shiba Inu tokens held by the first 1,000 ETH wallets is worth $1,459,250,776. As for the second largest investment, FTT, the whales owned FTT is worth $1,215,547,517.
Other altcoin projects owned by ETH whales, respectively, Bitpanda Ecosystem Token (BEST), Polygon (MATIC), Decentraland (MANA), Swisborg (CHSB), Chainlink (LINK) and Okb (KB).
Also, crypto burn tracker Shibburn announced that a large sum of Shiba Inu tokens (1,351,643,000 SHIB in total) has been removed from circulation in the past 24 hours. At the time of writing, SHIB was trading at $0.00002411, down 0.41% in the last 24 hours, according to CoinMarketCap data.
Shiba Inu launches land offer event early access
According to an announcement by the official Shiba Inu Twitter handle, Metaverse, the first phase of the land sale on SHIB, could be ready to hit the road this weekend. Further explaining the details of the land sale in SHIB: The Metaverse, the project states that there will be three phases. The first phase, which is the bidding event, marks the beginning of interaction with the first phase of the phase release for SHIB: Metaverse and land sales.
The bidding activity is expected to take three days or 72 hours from the start. Ahead of the three-day event, all bidding will be made using Ethereum, while participants are expected to lock their LEASH or Shiboshi NFT. As we previously reported as Kriptokoin.com, Shibarium, Tier-2 (L2) where SHIB: The Metaverse will be developed, and SHI, the Shiba ecosystem, are currently under development. Shibarium is reportedly in Alpha phase and may soon move into Beta phase. Meanwhile, the SHIB Burn portal may be entering the final stages of its development.
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