Shiba Inu whales seem to be gulping on the meme coin in the last 24 hours. The average whale holdings have doubled, as per the reports.
WhaleStats market, which provides market and whale tracking services, showed that the average holdings of the Shiba Inu have doubled in the last 24 hours. The hefty purchase might be primarily linked to the recovery of the altcoin market and Shiba Inu’s announcement about its SHIB metaverse.
As reported earlier, Shiba Inus are hot property for Ethereum whales, as the top 100 rich are all-in on SHIB. Over the past week, ETH whales have purchased 523 billion Shiba Inu tokens worth a whopping $12.67 million.
ETH whale ‘Tsunade ‘picked up 51.44 billion Shiba Inu tokens worth $1.18 million on March 21. Tsunade is the 4th largest whale on the ETH-rich list.
The digital asset has been trading green over the last week. Since the announcement of the SHIB metaverse, the price spiked 4% in the charts.
Shiba Inu has some announcements up its sleeves
The team recently announced In a public blog post the launch of SHIB: The Metaverse. The virtual space includes over 100,595 plots of land and four different districts.
This metaverse is intended to culminate Shiba Inu’s history as a community, displayed virtually in beautiful visuals that complement their innovation and unity with a home to call their own. The virtual space is seen as a platform for the ShibArmy to grow, share, and benefit “together.”
Several products will be released this year, such as Shibarium, Shibosis NFTs, ShibaNet, and ShibaSwap 2.0. The token price can skyrocket with each development and bring in a broader and strong community.
At press time, SHIB is trading at $0.000027 with a 24-hour trading volume of $1,472,122,913.