The $1.5 million SHIB tokens were seized from Alameda Research during FTX-related forfeitures.
No signs suggest the SHIB tokens were sold, with no exchange addresses linked.
A wallet linked to the United States government has moved
54,897,092,549 Shiba Inu (SHIB) tokens to a newly created Ethereum wallet.
Blockchain analytics platform Arkham Intelligence recorded the transaction on
December 3. Announcing the activity on X.
Meanwhile, Shiba Inu has been
bearish on the H4 chart, seeking support. The daily chart shows that the
price is having a correction.
Government Transfers Seized Shiba Inu
The transfer left the sending wallet, previously linked to
the US government, with no SHIB tokens. The receiving wallet, identified as
‘0x995,’ now holds digital assets valued at $33 million.
The US government obtained the SHIB tokens through the
seizure of assets from Alameda Research, a trading firm tied to the collapsed
crypto exchange FTX. The SHIB tokens were part of a broader forfeiture of over
$700 million in assets related to legal issues surrounding FTX and Alameda.
New Wallet Receives Seized Assets
Arkham’s data indicates the recipient wallet was recently
created. Its initial transaction included $1.061 million in AEGRO tokens,
received from the same government-linked address. Within two hours, the wallet
also accepted other digital assets, including 4,815 ETH, 13.58 million BUSD,
and 631,959 POWR tokens.
There is no indication the government sold its SHIB
holdings, as no exchange or OTC addresses are tied to the transaction. The
tokens remain in the recipient wallet.
SHIBUSD-H4 Price Heads Downward After Triple Top
SHIBUSD-H4 Chart, Source: TradingView
The H4 chart shows that SHIBUSD found resistance around
0.00003290 and consolidated for a while. After forming a triple top, the price
moved downward with strong momentum. Earlier, the price reacted at 0.00002350.
Buyers may wait for the price to find support at this level
and consider going long if a strong bullish reversal pattern forms. A bearish
breakout at 0.00002350, on the other hand, may increase bearish pressure.
SHIBUSD-Daily Undergoing Correction
SHIBUSD- Day Chart, Source: TradingView
The daily chart shows that after being bullish for some
days, the price faced rejection at 0.00003290. As of writing, it is undergoing
a correction. The 0.00002350 level may act as support, as the price previously
reacted strongly at this level.
A wallet linked to the United States government has moved
54,897,092,549 Shiba Inu (SHIB) tokens to a newly created Ethereum wallet.
Blockchain analytics platform Arkham Intelligence recorded the transaction on
December 3. Announcing the activity on X.
Meanwhile, Shiba Inu has been
bearish on the H4 chart, seeking support. The daily chart shows that the
price is having a correction.
Government Transfers Seized Shiba Inu
The transfer left the sending wallet, previously linked to
the US government, with no SHIB tokens. The receiving wallet, identified as
‘0x995,’ now holds digital assets valued at $33 million.
The US government obtained the SHIB tokens through the
seizure of assets from Alameda Research, a trading firm tied to the collapsed
crypto exchange FTX. The SHIB tokens were part of a broader forfeiture of over
$700 million in assets related to legal issues surrounding FTX and Alameda.
New Wallet Receives Seized Assets
Arkham’s data indicates the recipient wallet was recently
created. Its initial transaction included $1.061 million in AEGRO tokens,
received from the same government-linked address. Within two hours, the wallet
also accepted other digital assets, including 4,815 ETH, 13.58 million BUSD,
and 631,959 POWR tokens.
There is no indication the government sold its SHIB
holdings, as no exchange or OTC addresses are tied to the transaction. The
tokens remain in the recipient wallet.
SHIBUSD-H4 Price Heads Downward After Triple Top
SHIBUSD-H4 Chart, Source: TradingView
The H4 chart shows that SHIBUSD found resistance around
0.00003290 and consolidated for a while. After forming a triple top, the price
moved downward with strong momentum. Earlier, the price reacted at 0.00002350.
Buyers may wait for the price to find support at this level
and consider going long if a strong bullish reversal pattern forms. A bearish
breakout at 0.00002350, on the other hand, may increase bearish pressure.
SHIBUSD-Daily Undergoing Correction
SHIBUSD- Day Chart, Source: TradingView
The daily chart shows that after being bullish for some
days, the price faced rejection at 0.00003290. As of writing, it is undergoing
a correction. The 0.00002350 level may act as support, as the price previously
reacted strongly at this level.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
WhiteBIT secures brokerage license in Georgia to launch regulated crypto derivatives
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Watch the full video to see if Hola Prime Markets fits your trading needs.
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We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
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In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
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👉 Be part of FM Awards 2026.
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Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
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Recognition that matters.
Built on transparency.
Driven by the industry.
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Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
