U.S. Government Deposits $200K ETH to Coinbase 🚨

The U.S. government recently transferred $200,000 worth of Ethereum (ETH) to a Coinbase Prime Deposit, following a $10 test transaction. The ETH, seized from Chase Senecal in October 2022, is part of assets typically converted to fiat for treasury or victim restitution. This move has sparked speculation about potential market impacts, though the small volume suggests limited immediate effects. Investors are watching closely, as such transactions could signal broader government strategies for managing seized crypto.

How will these government sales shape the crypto market?

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