Shiba Inu has reclaimed its position as the largest holding of the top ETH whales after Ethereum, according to statistics published by WhaleStats. FTT (FTX Token) had previously held this position for quite some time.

This indicates that Shiba Inu has overtaken Ethereum as the second most popular coin among these whales. According to WhaleStats, the total amount of SHIB held by the top 1,000 ETH wallets is worth $1,459,250,776. For the time being, these top whales possess $1,215,547,517 in FTT, the second largest investment.

@shibburn, a cryptocurrency burn tracker, has stated that a significant amount of SHIB tokens have been removed from circulation in the last 24 hours, totaling 1,351,643,000 Shiba Inu. According to CoinMarketCap data, Shiba Inu is currently trading at $0.0000238, down 4.36 percent in the past 24 hours.

According to a tweet from the official Shiba Inu Twitter account, the first stage of the SHIB: The Metaverse land sale could begin this weekend.

The project states that there will be three stages to the land auction in SHIB: The Metaverse. The bid event, which is the first stage of phase release for SHIB: The Metaverse and its land sales, marks the commencement of involvement with the first stage of phase release.

The bid event will span three days, or 72 hours, from the time it begins and will provide the earliest access to some property plots. Participants are asked to lock their LEASH or Shiboshi NFTs ahead of the three-day event, and all bids will be made using Ethereum.

Shibarium, the Layer 2 (L2) on which SHIB: The Metaverse will be built, and SHI, the Shiba ecosystem, are now in development, as previously stated. Shibarium is said to be in the Alpha stage and may shortly enter the Beta stage. The SHIB Burn gateway could possibly be reaching the end of its development cycle.

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