A U.S. Government wallet moved $9.99 in ETH to Coinbase, triggering renewed focus on its $100K in seized holdings.
The ETH wallet tied to Chase Senecal remains active, with the on-chain movement now fueling speculation across trading circles.
Clean execution, full gas usage, and timing point to structured intent, not random movement-raising questions about the next steps.
A U.S. Government-controlled Ethereum wallet executed a small transaction to Coinbase Prime on July 7, 2025. The move involved just $9.99 in ETH, yet it reignited attention due to the wallet’s $100K holdings, originally seized from Chase Senecal in October 2022.
The transaction appeared on-chain at 16:09:23 UTC in block #22868416. According to a post by arkham, the wallet is labeled “US Government FBI (0xc55),” and the destination was “Coinbase Prime Deposit (0xcfB).”
At the outset, it’s worth clarifying that current developments point to a deeper shift unfolding across the market landscape. While the value was minimal, the wallet’s origin and timing matter to analysts watching institutional crypto flows.
Transaction Structure and Strategic Signal
This transfer was not a random outbound test-it reflects structured movement between high-level custodial accounts. According to Arkham, the wallet sent 0.003943494479247713 ETH ($9.99), paying a 0.000105039321012 ETH fee ($0.25) with a gas price of 4.787856672 GWEI.
The gas limit was set and fully used at 21,000, suggesting a standard, clean execution path. More importantly, this activity draws attention to how governments are preparing their seized crypto holdings for potential liquidation, conversion, or reallocation.
The sentiment among traders is split; some see this as a procedural warmup, while others suspect a larger ETH movement could follow. Community chatter reinforces this outlook, with social platforms buzzing over what many believe could be a critical moment.
Larger Implications for Seized ETH Holdings
Some observers think this reflects a turning point, especially with ETH now frequently intersecting institutional frameworks. This transaction doesn’t just confirm custodial alignment-it shows blockchain transparency in practice, and the readiness of U.S. authorities to act.
Ongoing inflows and strong wallet activity continue to reflect long-term conviction, suggesting that larger players are staying in position. While some celebrate the gains, others expect more downside before any real recovery. The wallet holds $100,000 in ETH. Whether this test signals a planned exit or an internal audit cycle remains unknown-but the movement is now on-chain, visible, and impossible to ignore.
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