Shiba Inu investors are no longer excited about the metaverse project. Instead, they seem to be leaving the SHIB world because the project team have consistently prevented them from participating in meaningful projects.
So far, over 43,000 wallets have abandoned their tokens in March, with the most significant drop of 32,000 holders on 18 March. Furthermore, the SHIB developers continued to favour other native tokens like LEASH, DOG, and Shiboshi over SHIB despite the recent upgrades currently.
SHIB holders are not happy that LEASH and Shiboshi investors have early access to the new projects in the Shiba Inu metaverse. However, developers have denied SHIB holders access to buy lands despite their displeasure.
In addition, LEASH and Shiboshi investors can bid for over 100,000 plots of land in the metaverse after they lock their assets. Interested investors without assets will have to wait for the third phase to bid for the remaining plots of land after LEASH and Shiboshi holders are satisfied.
Several SHIB holders were displeased with the update because they were denied the opportunity to increase the token’s price, especially when the value is down by 68.8% from its all-time high of $0.00008616. As a result, the disgruntled investors have exited their positions in numbers after feeling neglected.
Meanwhile, the Shiba Inu team understands traders’ frustrations and noted in the announcement that there will be several use cases for SHIB in the upcoming metaverse project.