54 Billion Shiba-Inu Moves Out of US Government Wallet

Where are you going Shiba Inu to find a new home wallet from the U.S. Government wallet man?

Arkham Intelligence indexed the transaction on December 3. Announcing the move on X, Arkham stated: “ALERT: US GOVERNMENT MOVING $1.5 MILLION OF SHIBA INU.”

These meme coins were seized from Alameda Research. Who knew the trading firm was the meme coin trading center of meme coins man!

Maybe these coins belonged to the investors that paid for them. No longer however as they have left the United States government wallet on a new Shiba Inu blockchain adventure man!

Who knows what they may do with them? Trade them for something else? Sell them for U.S. dollars? Even though they could just print MOAR.

Maybe the Bitcoin Reserve not being officially in place they may have a meme coin reserve! Meme coins may live on forever and ever man.

Within less than two hours, the wallet also received other crypto assets from the US government-affiliated address, including 4,815 ETH (approximately $17.9 million), 13.58 million BUSD ($133 million), and 631,959 POWR ($221,000).

The U.S. government be consolidating it's crypto token collection.

New wallet has over $33 million in crypto. For whatever purpose it may hold in the future.

While it remains unclear whether the US government has sold its SHIB holdings, the absence of any identified exchange or over-the-counter (OTC) addresses linked to the transaction suggests that the government may still hold the tokens.

Source: newsbtc.com

Feels good man

Posted Using InLeo Alpha