Shiba Inu becomes the most valuable coin for whales

There is a growing interest in the crypto market for meme coins. Shiba Inu is ahead among these coins. Ethereum whales are the biggest bets on it and it tops the list of these whales’ assets in terms of value. It has surpassed MATIC, LINK and MANA.

The WhaleStats report states that these whales have a holding of about $646 million in SHIB. Whales have the largest holdings followed by MATIC, MANA and LINK. Whales have the most in terms of MANA numbers on the Ethereum blockchain. However, SHIB is ahead of it in value. Over one lakh virtual plots have been sold on Shiba Inu’s Metaverse. Some of these plots will be used for roads, grounds and other public purposes. These plots are divided into four categories – Silver Fur, Gold Tail, Platinum Paw and Diamond Teeth. The SHIB team decided to use a neutral cryptocurrency as a land pricing token.

The community associated with this mime coin has also been promised a financial reward for purchasing land in its metaverse. Buyers of virtual plots will be able to earn indirect income as well as in-game resources and rewards. In this, users will get a personal space where they can create their projects. In this regard, the SHIB team had said, “Funds from this will be used to pay for Metaverse development. The team has decided to use a neutral coin which is sold as a stablecoin to pay all sources There will be a risk by using our ecosystem.”

Recently, the price of the Shiba Inu had gained some momentum due to large purchases from Ethereum whales. The crypto market has been under pressure for the past few months due to macroeconomic concerns. There has been a lot of selloff in some of the major cryptocurrencies. The two Ethereum whales bought over 530 billion SHIB in three major transactions. Ethereum whale Gimli has a major stake in these transactions. This whale bets mostly on SHIB. It has considerable holding of Shiba Inu. Apart from this, another Ethereum whale BlueWhale0159 has also bought SHIB in large quantities.

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