U.S. government linked wallets moved 833.6 BTC and 40,285 BNB within roughly nine hours, according to onchain trackers. The transfers were worth about $71.6M in BTC and $31.6M in BNB.
The Bitcoin was sent to Coinbase Prime, while the BNB passed through several addresses before landing in an unlabeled wallet.
That doesn’t mean the government is selling. In fact, Bitcoin held under the Strategic Bitcoin Reserve is subject to a long term holding policy, while other seized assets such as BNB are treated differently.
For traders, the destination is what matters next.
The Bitcoin was sent to Coinbase Prime, while the BNB passed through several addresses before landing in an unlabeled wallet.
That doesn’t mean the government is selling. In fact, Bitcoin held under the Strategic Bitcoin Reserve is subject to a long term holding policy, while other seized assets such as BNB are treated differently.
For traders, the destination is what matters next.