According to U.Today, digital assets are increasingly gaining traction among traditional institutions, with holdings in altcoins becoming popular alongside Bitcoin. Recent data from Arkham Intelligence reveals that the United States government holds a substantial 54.897 billion Shiba Inu tokens.

The U.S. government's Shiba Inu holdings amount to 54,897,000,000 tokens, making it a notable whale in the market. This is significant as out of over 100 digital assets listed as part of the U.S. government's holdings, Shiba Inu stands out with such a high quantity in the billions. Given the current trading price of $0.0000172, the value of these holdings is just over $944,000. Market analysts suggest that the U.S. government might be betting on the future price of the meme coin rising before deciding to sell.

The potential impact of the U.S. government offloading its Shiba Inu tokens could be substantial. If the authorities decide to sell, it could significantly affect the price of Shiba Inu, potentially sparking a bearish trend. This scenario is reminiscent of the German government's massive Bitcoin sales, which crashed the price of Bitcoin to below $57,000 at the peak of their sales. However, Bitcoin's price has since recovered, climbing by 2.67% to $69,807.74 in the past 24 hours.

Despite the U.S. government's significant holdings, the price of Shiba Inu remains relatively stable. Recent on-chain data indicates a decline in large transaction volumes for Shiba Inu, dropping below the $500 billion level. This decrease in whale activities has raised concerns in the market, but the overall price stability suggests that the impact has been minimal so far.