US Government Transfers Ethereum to Coinbase, Triggers Greater Liquidation Fears
July 8, 2025, 06:30 GMT+9
ETHUSD
+0.26%
The US government transferred Ethereum worth $219,000 to Coinbase, triggering concerns about potential selling. The price of ETH remained unaffected, but the community has many unanswered questions.
At a glance, this seems like a very small amount compared to the federal government's ETH reserves of $650 million. However, this is the first asset transfer to an exchange since shortly after President Trump took office, and this may serve as a warning sign.