US Government is a Shiba Inu Whale, Data Shows, as Rival PlayDoge Nears $6 Million in Presale

cryptonews.com:

Recent data from Arkham Intelligence reveals that the US government holds $13 billion in crypto, including approximately 54.89 billion Shiba Inu ($SHIB) tokens. Meanwhile, the up-and-coming rival PlayDoge ($PLAY) is rapidly closing in on $6 million in presale funds.

This data underscores the significant role of meme coins in the market. PlayDoge, which has more to offer than $SHIB – including its soon-to-launch P2E mobile game with ’90s nostalgia – could soon replace Shiba Inu as the new major meme coin holding of the Feds.

For investors who have not noticed the smart money moving into the PlayDoge presale, there’s still a chance to grab the token at $0.00524. However, the price is expected to rise to $0.00525 within the next two days as PlayDoge ends its current presale stage.

Given the attention PlayDoge has already garnered, it’s unlikely that the price will stay at these levels for long.

The growing interest suggests more bullish activity once it’s listed on a major exchange like Binance, which is entirely plausible considering it’s built on the BNB Chain and is thus under the radar of the Binance listing team.

So, act fast and secure your $PLAY tokens now.

The 54.89 billion $SHIB that the US government holds is currently worth around $910,000. While this amount may not be eye-popping in comparative terms, it is substantial enough to classify the US government as a Shiba Inu whale.

Furthermore, $SHIB is the only dog-themed meme coin the government holds in billions of quantities.

Now while the US government hasn’t disclosed its agenda on what it intends to do with its $SHIB stash, it’s easy to imagine they might be gearing up for a big move – a profitable trade to cash in profits once $SHIB’s price takes off.