Exploring Shiba Inu (SHIB) Holders: A Surprising Revelation 🐕
Have you ever wondered who some of the biggest holders of the popular meme coin, Shiba Inu (SHIB), are in the market? Recently, we delved into the world of large SHIB holders and came across a fascinating discovery.
US Government: A Holder of Shiba Inu (SHIB)? 🏛️
Information from the renowned crypto analytics firm, Arkham Intelligence, indicates that the US Government is among the significant holders of SHIB tokens. Surprisingly, the government holds a substantial amount of nearly 55 billion SHIB tokens, valued at approximately $740,000 based on current market prices.
- This holding by the US Government is not a result of direct investment in the meme coin but rather stems from confiscation as part of specific law enforcement operations.
- It is noteworthy that the US Government also holds the title of being the largest BTC holder, with a massive stash of 203.239K BTC valued at over $12 billion.
SHIB Price Volatility 📉
Recent reports from analysts at CryptoPotato have highlighted a sense of uncertainty surrounding the price of SHIB. With a decline of about 7% over the past week and a significant drop of over 20% in the last seven days, the price of SHIB appears to be on shaky ground.
- Concerns such as a decrease in the percentage of holders in profit, reduced network growth, high concentration levels, and increased activity among large whale holders raise potential red flags for the future price stability of SHIB.
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