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.
Is the US Waiting for the Next $SHIB Pump?
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.
With August on the horizon and the meme coin scene showing signs of a comeback, things could get interesting.
Popular YouTuber ClayBro shares this view, suggesting that $SHIB is poised for a strong August and that this momentum could provide a perfect opportunity for PlayDoge to shine amid a renewed meme coin-led bull run.
Playdoge: A P2E and Meme Coin Hybrid
As mentioned, PlayDoge is, by no means, just another meme coin – it’s an exciting mobile game set to launch soon on Google Play and the Apple App Store.
And its game is also far from ordinary, unlike those that bombard users with countless ads to push premium subscriptions. Instead, it’s a modern twist on the ‘90s highly addictive handheld classic Tamagotchi, featuring its own unique crypto elements.
In the game, players care for, train, and feed their virtual Shiba Inu pets, similar to Tamagotchi, but with the added benefit of earning $PLAY while doing so.
The best caretakers of their virtual Shiba Inu will be ranked on the game’s leaderboard, allowing them to earn more $PLAY.
$PLAY can be used for in-game interactions or across the broader crypto market, giving it more utility than just a token sitting in an investor’s wallet like $SHIB.
And there’s more to come: the game’s development is ongoing, and additional features and utilities are expected. Already, PlayDoge has attracted a lot of supporters and has been ranked by the well-known crypto education site 99Bitcoins as one of the best P2E games today.
Join the PlayDoge presale and secure your $PLAY tokens by connecting your wallet to PlayDoge’s website and purchase tokens using BNB, USDT, ETH, or a bank card.
PlayDoge’s smart contract has completed a full audit conducted by SolidProof, which reveals zero critical issues in its code.
To stay updated with the latest developments around PlayDoge, join its community on X and Telegram.
Improve your Shiba Inu-themed meme coin collection with its best version: Buy $PLAY today.
Visit PlayDoge Now
The post US Government is a Shiba Inu Whale, Data Shows, as Rival PlayDoge Nears $6 Million in Presale appeared first on Cryptonews.
