The Shiba Inu team has just announced the option to mint land with the companyโs native token $SHIB. Developer Shytoshi Kusama was excited to introduce the new feature, saying it was highly motivated by the opinion of Shibaโs community members.
LFG... I'm so incredibly excited about Shib's MV. #soon https://t.co/Y7S2xUgrIp
— Shytoshi Kusamaโข (@ShytoshiKusama) May 4, 2022
Introductory Public Sale Events for Shibaโs Metaverse Explorers
Just a month ago, Shiba Inu revealed their plans to offer 100,595 pieces of virtual land in the SHIB Metaverse. Four weeks later, SHIB Metaverse entered the third stage of its introductory phase and now lets its users buy land in $SHIB without locking LEASH or Shiboshis, SHIBโs Metaverse ecosystem assets. Initially, this was only possible if you purchase land in ETH, but now $SHIB is successfully integrated not only in the purchase of the land itself, but also into naming, renaming, and adding images and logos to acquired land.
A favorite amongst ETH whales
Current stats show Shiba Inu is still the top crypto asset among the top 500 ETH whales. Moreover, the ETH whales are holding a whopping $1.2 billion worth of SHIB coins. Shiba Inu also has a constant growth in account holders and now there are 1.4 million wallet owners. It hasnโt necessarily reflected on Shiba Inu’s price yet. The meme coin has dropped by 10.10% in the last 7 days.
๐ณ The top 500 #ETH whales are hodling
— WhaleStats - BabyWhale ($BBW) (@WhaleStats) May 4, 2022
$1,200,401,137 $SHIB
$1,038,220,830 #FTX Token
$367,716,232 $BEST
$266,687,360 $OKB
$234,477,342 $MATIC
$222,721,808 $CHSB
$192,775,875 $MANA
$168,666,288 $MXC
Whale leaderboard ๐https://t.co/tgYTpOm5ws pic.twitter.com/s51vBVJZOC
Nonetheless, it seems that Shiba Inu attracts holders that are mainly focused on long-term perspective. On the other hand, the low price of SHIB (currently $0,00002078 per coin) makes it available for those who are just curious and donโt expect guarantees. In conclusion, it seems that Shiba Inu is trying hard to grow its reputation as a meme coin into a bigger, more solid blockchain concept.