According to on-chain data recorded by analytics platform Arkham, a crypto wallet labeled as belonging to the US government made a notable transaction less than 10 minutes ago. Specifically, this wallet transferred a total of 86,564 $ETH (Ethereum) to the cryptocurrency exchange Coinbase. At the time of the transaction, this ETH was estimated to be worth around $219,450.
Moving funds from a US government wallet to a centralized exchange like Coinbase often attracts special attention from the crypto community, as it can suggest the possibility of asset liquidation or law enforcement-related activities. Similar transactions have occurred in the past after the US government seized cryptocurrencies from criminal cases or illegal exchanges.
