JUST IN: 🇺🇸 US government deposits $218k worth of $ETH (Ethereum) to Coinbase.
This means the US government has transferred around $218,000 worth of Ethereum to the Coinbase exchange.
What could this mean?
When a government moves crypto to an exchange like Coinbase, it’s often seen as a signal they may be planning to sell. This can create market pressure and potentially push ETH prices lower.
However, it’s not always confirmed, sometimes it’s just a transfer or a change in custody.
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