The biggest players in the crypto arena are stocking up on a popular meme coin after its latest project milestone.
Bot za praćenje transakcija na WhaleStats otkriva major in-flows of capital into Shiba Inu (SHIB) after its new metaverse feature launched on Wednesday.
U protekla 24 sata Ethereum (ETH) whale wallets bought an average of 1.86 billion SHIB tokens for a cost of $50,034. That made the dog-themed altcoin the sixth most purchased crypto asset while also not appearing on the list of sold tokens.
In the new official objava, Shiba Inu says interactive features within the metaverse user portal will go live in the coming days.
The SHIB metaverse features over 100,000 plots of virtual land ranging across four districts: Growth, Defense, Technology, and Currencies.
Users will be required to spend ETH in order to purchase within the space instead of native tokens SHIB, Doge Killer (LEASH), and Bone ShibaSwap (BONE).
The project explains,
“As we will use the collected funds to pay for the Metaverse development, the team has decided to use a neutral coin that can be sold into stablecoins in order to pay all the sources.
Using our ecosystem tokens is a risk, as we would need to dump our own tokens’ price [by] cashing them! That’s far away from our plans.”
Back in early February, Shiba Inu first objavio the upcoming launch of the metaverse project, which remained unnamed at that time.
Cijena od Shiba inu is down 5.56% at time of writing and priced at $0.000026. The #15 crypto asset by market cap hit a weekly top of $0.000029 back on Monday.
Drago nam je da vam poželimo dobrodošlicu u SHIB: The Metaverse. Imerzivno iskustvo koje je pozicionirano da postane ogromno okruženje za #ShibArmy da zajedno rastemo, dijelimo i koristimo.https://t.co/pwcBSfUSND
- Shib (@Shibtoken) Mart 30, 2022
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Source: https://dailyhodl.com/2022/04/01/ethereum-whales-pounce-on-dogecoin-competitor-shiba-inu-as-project-announces-massive-metaverse-expansion/