The U.S. government recently transferred $33.6M of cryptocurrencies seized from FTX and Alameda Research to unknown wallets. The transfers were made on December 3 and included 5,024 Ethereum ($ETH ) worth $18M, Binance USD (BUSD) worth $13M, and Shiba Inu ($SHIB ) worth $1.5M.
Previously, the government had divided about $2 billion $BTC seized from Silk Road into smaller wallets. Currently, the U.S. government holds about 198,000 BTC, worth a total of $19.2 billion.
These activities raise speculations about government crypto holdings in the market. Also, the price of Ethereum rose to $3,721 during this transfer, up from $2,460 last month. Experts are discussing whether these transfers are done to create a large-scale auction or to influence the market.
