The US government has surprised the market by becoming one of the largest holders of Shiba Inu (SHIB). It currently holds around 54.9 billion SHIB tokens, worth close to $729,581. However, it is important to note that these tokens were not intentionally acquired, but rather were seized by law enforcement during criminal investigations. This fact makes the government one of the largest âwhalesâ within the SHIB market.
The future of these tokens remains uncertain, as no official statements have been made so far regarding the possibility of selling them. However, any move by the government to liquidate these holdings could have a significant impact on the price of Shiba Inu, as the quantity is large enough to affect market supply and demand.
Analysts suggest that in the event of a sell-off, there could be downward pressure on the SHIB price. On the other hand, if the tokens remain dormant, it could bring stability to the market in the short term.
Stay tuned for updates on this topic, as any decision could alter the course of Shiba Inu! đ
