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US government moves $250K in Shiba Inu tokens linked to FTX bankruptcy, SHIB price dips amid market caution

Market News
17 Jul 2026
Zycrypto
View Source
Bearish
pluang ai news

The US government transferred about 54.9 billion Shiba Inu (SHIB) tokens, worth roughly $250,000, as part of asset management from the FTX bankruptcy estate. This movement reflects ongoing liquidation efforts rather than a targeted sell-off, with recovered crypto assets being converted to cash for creditor repayments. Despite concerns, the transfer size is small relative to SHIB's daily volume, so immediate market impact is expected to be limited. SHIB's price remains influenced mainly by broader crypto market trends, trading slightly down amid cautious investor sentiment.

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