The biggest players in the crypto arena are stocking up on a popular meme coin after its latest project milestone.
The transaction-tracking bot at WhaleStats reveals major in-flows of capital into Shiba Inu (SHIB) after its new metaverse feature launched on Wednesday.
Over the past 24 hours, 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 announcement, 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).
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