The US government has moved $219,000 worth of Ethereum to Coinbase, raising concerns about a potential sale. While this amount is minor compared to its $650 million ETH reserve, it marks the first transfer to an exchange since President Trump took office, prompting speculation. The government is known for its significant Bitcoin holdings, which often influence market movements when liquidated. Arkham Intelligence reported the Ethereum transfer, but the reasons behind it remain unclear. Under President Biden, the government previously sold substantial Bitcoin, with transfers to Coinbase serving as early indicators. Trump's proposal for a US Crypto Reserve includes altcoins like Ethereum, leading to assumptions that this transfer signals a future liquidation. Although the amount is small, it could indicate a policy shift, especially regarding ETH's role in the Crypto Reserve. Currently, the US holds over $650 million in Ethereum, but this transfer involved only a fraction of seized assets. The market reaction has been muted, leaving many questions unanswered. Read more AI-generated news on: https://app.chaingpt.org/news

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