In a financial landscape where memecoins generate both interest and uncertainty, a surprising revelation is shaking up the crypto market. It is the announcement that the US government is holding a colossal amount of Shiba Inu SHIB

54.89 billion SHIB held by the US

According to Arkham Intelligence, the US government currently holds 54.89 billion SHIB tokens. This stock is held in a blockchain wallet associated with the US 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 the billions in this collection.

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

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

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What would happen in the crypto market if the US liquidated its SHIB?

The amount of SHIB held by the United States makes the country a whale of this crypto asset, with the ability to significantly influence its price.

Although the government has not announced its intention to sell its SHIB, speculation is rife. Some analysts suggest that the State could wait for a significant increase in price before deciding to get rid of its holdings. Such a decision could have major 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, causing a fall in the price of SHIB.#MarketDownturn #ShibaInu 🚀🚀