Top Ether Holders Scoop Up Trillions Of SHIB In A Day Following Shiba Inu’s Metaverse Push

Data from the renowned whale aggregator site, Whalestats, reveal many among the top Ethereum holders are engaging in significant Shiba Inu transactions over the past 24 hours. The trend, which extends down to the top 1000 ETH wallets, shows over 3.6 trillion units of SHIB valued at $77.84 million as the total worth of SHIB purchases made by top-league Ethereum holders since yesterday. In contrast, less than $1,000 worth of SHIB has been sold by these whales during this period.

While the market bled profusely over the past few days, SHIB seemed to enjoy high patronage from investors. The fledgling meme coin continues to pique the interests of investors after major announcements of its plans to transition to an altcoin with intrinsic value.

Shib in the Metaverse

While their wait for a much-needed Robinhood listing intensifies, the Shiba Inu community continues to press hard on the throttle. Recently it disclosed plans to venture into the Metaverse business with the launch of its own “Shiberse.”

The tweet read:

“As promised, we are so excited to announce our first special surprise for the year #ShibArmy

In 2022, we are reaching new heights and welcoming the #Shiberse. An immersive experience for our ecosystem and the Metaverse space. 

We can’t wait to show you more. Woof!”

The Drive to $0.01

Following its comprehensive roadmap for 2022, the ShibArmy may be well on its way to reaching a predicted $0.01 valuation. Already, the token has completed its latest burn bringing the total burned SHIB to 410.3 trillion. Over 40% of its total circulating supply, mostly coming from Vitalik Buterin’s initial burn, has been scrapped off the market in a bid to ramp up value.

There have been over $735 million worth of SHIB transactions over the past few weeks, but only 1% of holders appear to be making money at the current price of $0.000020, according to statistics from intotheblock.