On Friday (March 3), a highly popular analytics site that tracks up to 5000 of the largest Ethereum wallets (the “whales”) announced that the top 2000 $ETH whales are HODLING $606,553,503 worth of $SHIB.

This is how WhaleStats made this announcement:

Furthermore, even among the Top 100 $ETH whales, the top ERC-20 token holding by dollar value is $SHIB:

Source: WhaleStats

The Shiba Inu ($SHIB) project is gearing up for the launch of Shibarium Beta, and to help with Shibarium’s adoption, the Shibarium team has created a dedicated portal website.

According to a blog post published on 26 February 2023 by Kusama, to support individuals and businesses interested in building on Shibarium, the development team has created an intake system that will allow them to find and support the best projects. In addition, the system will help the team stay organized, grow Shibarium’s reach, and reset relationships with businesses they’ve connected to in the past.

Although anyone can build with Shibarium, the intake system will allow projects wishing to build on Shibarium to let the development team know what they want to do with the platform.

Shiba Inu’s development team looks forward to releasing the beta version of Shibarium soon. They have been updating the Wiki and releasing documents to inform the community about the upcoming launch. However, they point out that, during the beta, all tokens and products on the beta network are for testing purposes only. They warn the community to be cautious and not to purchase anything until the Shibarium mainnet launch.

Image Credit

Featured Image via Pixabay