Metaliums Project, Will Launch NFT on August to Burn Shibs. Ethereum (ETH) Whales Are Stocking Up On Shiba Inu (SHIB) — Here’s Why

The Metaliums project is a physical and digital NFT brand that is dedicating some of its NFTs collection to help reduce the amount of circulating supply. Each NFT will feature a Shiba Inu and every time it trade, its profit will be burned in the process. The Metaliums team has been shibs investors for some time now and they said that the only way to increase Shib value is by massively burning it. The Metaliums NFT collection was renamed MetaShib NFT and it will be available on Opensea in August. The MetaShib price will be set as low as possible so any one can participate.

On the other hand, the top whales on Ethereum’s (ETH) blockchain are aggressively stocking up on popular meme coin Shiba Inu (SHIB). The 580% daily increase suggests ETH whales favor the memecoin its rival Dogecoin (DOGE).

ETH whale “Gimli” just bought 199,999,999,999 $shib ($2,075,999 USD).

Ranked #246 on WhaleStats: https://t.co/3bvrsUeq69

Transaction: https://t.co/wxkX18c60b#SHIB #ShibArmy

— WhaleStats (free data on crypto whales) (@WhaleStats) July 26, 2022

From Less Than $1M to $5M in 24 Hours

The rapid spike could be a direct result of the recent developments in Shiba Inu’s (SHIB) ecosystem. Of particular interest was the announcement by Shiba Inu’s lead developers that The Third Floor (TTF) would joining the project. The team hopes that the expertise brought by the visual studio should be enough to get ‘SHIB: The Metaverse’ going.

Former Sony Tech Artist