Crypto: The USA Holds an Astronomical Amount of Shiba Inu!

In a financial landscape where memecoins generate as much interest as uncertainty, a surprising revelation is shaking the crypto market. It is the announcement that the American government holds a colossal amount of Shiba Inu (SHIB).

54.89 billion SHIB held by the USA

According to Arkham Intelligence, the American government currently holds 54.89 billion SHIB tokens. This stock is kept in a blockchain wallet associated with the American state, which also manages over 100 other digital assets. The total value of this wallet is estimated at $12.43 billion, with Shiba Inu representing the only asset in billions in this collection.

SHIB, currently listed at $0.00001329 per unit, gives these 54.89 billion tokens a value of approximately $729,581. The crypto asset ranks 19th in terms of value in the government wallet.

This wallet also contains bitcoin, with a total value estimated at $12.04 billion. This amount makes BTC the most valuable crypto asset in the wallet, highlighting the strategic importance of SHIB within this ensemble.

What would happen to the crypto market if the USA liquidated its SHIB?

The quantity of SHIB held by the United States makes the country a whale of this crypto asset, having the capacity to significantly influence its price.

Although the government has not announced any intention to sell its SHIB, speculations are rife. Some analysts suggest that the state might wait for a significant price rise before deciding to dispose of its holdings. Such a decision could have significant consequences on the SHIB market, creating downward pressure on its price.

A similar precedent occurred with the German government, which liquidated more than $2 billion worth of bitcoin, leading to a significant drop in its price. A comparable scenario for SHIB could cause major fluctuations and affect investors’ strategies.

In summary, the American government’s holding of 54.89 billion Shiba Inu represents a major event in the crypto universe. The implications of this possession could significantly affect the SHIB market, especially if sales decisions were made.