Shiba

United

Arkham

Shiba Inu

<p>In a financial landscape where memecoins generate as much interest as uncertainty, a surprising revelation is shaking the crypto market. It is the announcement that the American government holds a colossal amount of Shiba Inu (SHIB).</p>
<h2 id="h-54-89-billion-shib-held-by-the-usa">54.89 billion SHIB held by the USA</h2>
<p>According to Arkham Intelligence, the American government currently holds 54.89 billion SHIB tokens. This stock is kept in a <a href="https://www.cointribune.com/en/bitcoin-arkham-reveals-a-secret-wallet-of-the-us-government/" target="_blank" rel="noopener noreferrer nofollow">blockchain wallet associated with the American state</a>, 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 billions in this collection.</p>
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<p>SHIB, currently listed at $0.00001329 per unit, gives these 54.89 billion tokens a value of approximately $729,581. The crypto asset ranks 19th in terms of value in the government wallet.</p>
<p>This wallet <a href="https://thecryptobasic.com/2024/08/17/us-government-holds-billions-of-shiba-inu-details/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=us-government-holds-billions-of-shiba-inu-details" target="_blank" rel="noopener noreferrer nofollow">also contains bitcoin</a>, with a total value estimated at $12.04 billion. This amount makes BTC the most valuable crypto asset in the wallet, highlighting the strategic importance of SHIB within this ensemble.</p>
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<h2 id="h-what-would-happen-to-the-crypto-market-if-the-usa-liquidated-its-shib">What would happen to the crypto market if the USA liquidated its SHIB?</h2>
<p>The quantity of SHIB held by the United States makes the country a whale of this crypto asset, having the capacity to significantly influence its price.</p>
<p>Although the government has not announced any intention to sell its SHIB, speculations are rife. Some analysts suggest that the state might wait for a significant price rise before deciding to dispose of its holdings. Such a decision could have significant consequences on the SHIB market, creating downward pressure on its price.</p>
<p>A similar precedent occurred with the German government, which liquidated more than $2 billion worth of bitcoin, leading to a significant drop in its price. A comparable scenario for SHIB could cause major fluctuations and affect investors’ strategies.</p>
<p>In summary, the American government’s holding of 54.89 billion Shiba Inu represents a major event in the crypto universe. The implications of this possession could significantly affect <a href="https://www.cointribune.com/en/crypto-shiba-inus-transaction-volume-is-exploding-despite-market-turbulence/" target="_blank" rel="noopener noreferrer nofollow">the SHIB market</a>, especially if sales decisions were made.</p>

Crypto: The USA Holds an Astronomical Amount of Shiba Inu!

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