🇺🇸 US government deposits $218k ETH to Coinbase.

The US government has deposited approximately $218,000 worth of Ethereum (ETH) into Coinbase Prime. Here's what's known so far:

Test Transaction: Initially, the government made a $10 test transaction to Coinbase Prime, likely to verify the deposit process.

Main Deposit: Following the test transaction, the government deposited 86.56 ETH, valued at around $219,000, into Coinbase Prime.

Source of Funds: The deposited ETH was seized from Chase Senecal, an NFT scammer, in October 2022.

Government's Holdings: The US government currently holds over 60,000 ETH, worth approximately $152 million, in its custody.

This move might indicate potential future asset management strategies by the government, which could impact market perceptions and crypto policies. However, the exact motive behind this transaction remains unconfirmed.#HODLTradingStrategy $ETH