$SHIB The US government has $54 billion in SHIB
The US government appears to have almost 54 million SHIB in its wallet.
In addition to holding SHIB, US government wallets also hold large amounts of Bitcoin, Ethereum, USDT, and WBTC.
Apart from this, the wallet also includes other famous cryptocurrencies including BNB, BUSD, AUSDC, DAI, TRX, and UNI.
The platform further describes the US government's portfolio as extremely diverse and has different cryptocurrencies and currencies in its portfolio.
The current US presidential election is currently called a "crypto election." The developments could have significant implications for America's economic and political narrative, as Harris and Trump compete for encrypted connections vital to appealing to the masses.
The US government's holdings of SHIB could play a key role in significantly improving SHIB's prospects. The coin is currently facing a bear market phase, which has intensified recently. SHIB is trading in a descending channel and a break above the MA 50 may trigger a fresh trading rally towards $0.000038.
SHIB is trading in a descending channel, indicating a possible trend reversal. A break above the 50 MA and resistance levels could trigger a strong rebound.
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