Shiba Inu is again the largest holding of ETH whales

SHIB has once again surpassed Ethereum as the biggest holding among the top ETH whales, according to statistics published by WhaleStats. This position was formerly held by FTT (FTX Token) for an extended period of time.

This implies that Shiba Inu is now the whales’ second largest investment behind Ethereum, the second most popular cryptocurrency.

According to WhaleStats, the total value of SHIB held by the top 1,000 ETH wallets is a stunning $1,459,250,776. For the present being, these top whales possess $1,215,547,517 worth of FTT, the second largest investment.

The cryptocurrency burn tracker @shibburn has stated that a significant amount of SHIB tokens has been withdrawn from circulation in the last 24 hours a total of 1,351B Shiba Inu.

Shiba Inu starts off event for early access to land bids

According to a tweet from the official SHIB Twitter account, the first stage of the SHIB: The Metaverse land auction might begin this weekend.

Additionally, the project indicates that there will be three phases to the property auction in SHIB: The Metaverse. The first step, which is the bid event, symbolizes the beginning of participation with SHIB: The Metaverse and its land sales.

The bid event is planned to run three days, or 72 hours, from the time it begins and will provide the earliest opportunity to acquire certain parcels of land.

Participants are asked to lock their LEASH or Shiboshi NFTs before to the three-day event, and all bids will be made using Ethereum.

Shibarium, the Layer 2 platform upon which SHIB: The Metaverse will be built, and SHI, the Shiba ecosystem, are now under construction. Shibarium is currently in the Alpha phase and is expected to enter the Beta phase shortly. The SHIB Burn gateway may also be nearing completion.

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