US Moves Over 54B SHIB
Specifically, the U.S. government transferred 54,897,092,549 (54.89 billion) SHIB tokens to the Ethereum wallet ‘0x9…Cb0’. With Shiba Inu currently trading at $0.00003058, the tokens are worth around $1.67 million.
Following the transaction, the sending wallet, which had links to the United States government, no longer own any SHIB tokens. In the meantime, the recipient wallet, with a total crypto portfolio of $33 million, has retained the assets.
US Government Sees Huge Return on Shiba Inu Holding
The U.S. government has been holding the 54.89 billion SHIB tokens since earlier this year. In August, The Crypto Basic reported that the tokens were valued at $729,581, each priced at $0.00001329. Interestingly, the value has skyrocketed by 128.89% in less than four months to $1.67 million.
This follows a surge in Shiba Inu’s price, which began last month after the U.S. election. In particular, Shiba Inu has rallied by nearly 100% since the November 5 election, soaring from around $0.000017 to $0.000033 on December 1.
Currently, Shiba Inu is trading above the $0.00003 mark, with a unit priced at $0.00003058.
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