Donald Trump recently declared that the U.S. government will no longer sell any cryptocurrencies. His statement was meant to reassure investors that the state treasury wouldn’t pressure the market through massive digital asset sales. But blockchain data is raising some eyebrows.

📊 86 ETH Transferred to Coinbase Prime

Today, activity was detected from a wallet linked to the U.S. government. The wallet transferred 86.56 ETH to Coinbase Prime, worth approximately $219,000. Interestingly, the operation consisted of two transactions – a small test transaction worth around $10, followed by the full transfer.

🕵️‍♂️ The Wallet Belonged to a Scammer

The ETH came from digital assets previously seized from Chase Senecal, known online as “HZ.” In 2022, he was arrested for large-scale phishing attacks and NFT thefts. The FBI confiscated his cryptocurrency, luxury watches, and electronics.

Since then, the wallet has remained under U.S. government control.

🧩 Just an Internal Operation?

Although a transfer to Coinbase Prime may look like preparation for a sale, it’s not confirmed that a sale actually happened. It could simply be an internal wallet move or a shift to a different custody solution. Still, the crypto community took notice – especially in light of Trump’s bold claim.

📉 Market Reaction

Ethereum’s price remained stable after the transfer, suggesting that investors don’t see it as a direct threat – at least not yet. However, since past moves from government wallets have sometimes preceded major sales, analysts are keeping a close eye on the situation.

🧠 Summary

Trump says the U.S. government won’t sell crypto anymore. But blockchain shows that it’s still handling and moving it – even sending it to exchanges. Whether this was just a routine operation or a signal of an upcoming sale remains to be seen.

One thing is certain though: on-chain data doesn’t lie.



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