The post US Government Holds $54B SHIB! A Potential Sell-off Approaching? appeared first on Coinpedia Fintech News
According to data from Arkham Intelligence, the U.S. government holds 54.89 billion SHIB tokens. Notably, the blockchain wallet affiliated with the U.S. government holds more than 100 digital assets worth $12.43 billion at the time of writing. Out of the total crypto holdings in the wallet, only Shiba Inu has amassed a quantity in the billions. Based on its holding of over 54 billion Shiba Inu tokens, the United States government is considered a whale whose actions might significantly impact SHIB’s price action. If the government decides to offload its SHIB holding, it could trigger a bearish impact on the asset.