the US government moved $103M of seized crypto on tuesday. that's under 0.4% of what it still holds.
833.6 BTC, about $71.6M, ended up at Coinbase Prime deposit addresses, per Arkham data.
40,285 BNB, about $31.6M, came from assets seized from Alameda. it hopped through unlabeled wallets and hasn't touched a labeled exchange address.
no sale has been confirmed, and there's been no statement from the DOJ or Treasury.
government-linked wallets still hold about $27.5B in crypto, all of it from seizures.
my take: Coinbase Prime also does custody, so this can just be coins changing vaults. i'd wait for an actual sell on-chain before trading the headline.
when government wallets start moving, do you sell first or wait for proof?
$BTC $BNB
#Bitcoin #BNB
NFA. DYOR.
833.6 BTC, about $71.6M, ended up at Coinbase Prime deposit addresses, per Arkham data.
40,285 BNB, about $31.6M, came from assets seized from Alameda. it hopped through unlabeled wallets and hasn't touched a labeled exchange address.
no sale has been confirmed, and there's been no statement from the DOJ or Treasury.
government-linked wallets still hold about $27.5B in crypto, all of it from seizures.
my take: Coinbase Prime also does custody, so this can just be coins changing vaults. i'd wait for an actual sell on-chain before trading the headline.
when government wallets start moving, do you sell first or wait for proof?
$BTC $BNB
#Bitcoin #BNB
NFA. DYOR.
