US Government Moves $1.9 Million of Seized Alameda Altcoins
The US authorities moved roughly $1.9 million in altcoins seized from Alameda Research to Coinbase Prime on Wednesday. On-chain tracker Arkham Intelligence flagged the switch.
The batch coated 5 tokens from wallets the Department of Justice seized in 2023. The supply accounts sit at Binance, and the transfer has revived acquainted hypothesis about an eventual authorities sale.
Is the US Government Selling?
A pockets labeled by Arkham because the US Government despatched about $1.89 million in tokens to a Coinbase Prime deposit tackle.
The batch coated Render (RNDR), Uniswap (UNI), The Sandbox (SAND), Mask Network (MASK), and Axie Infinity (AXS).
Most of the greenback worth sat in RNDR and UNI. Both tokens commerce with market caps near $1.14 billion and $2.08 billion, respectively, in keeping with BeInCrypto knowledge.
SAND, MASK, and AXS are smaller positions price a number of hundred thousand {dollars} apiece.
Coinbase Prime is the alternate’s institutional arm. Hedge funds, asset managers, and authorities businesses use it for custody and structured gross sales.
Past USG transfers there have preceded each custody adjustments and outright liquidations, together with an earlier Bitfinex bitcoin Coinbase transfer.
A Familiar Pattern From the 2023 Forfeiture
The seized stash traces again to January 2023. The Department of Justice filed civil forfeiture actions in opposition to three Alameda accounts on Binance and Binance.US.
Those accounts held over $300 million on the time. The motion sat inside the broader FTX collapse case. That case has since produced greater than $11 billion in court-ordered forfeitures.
The switch matches a sample from the identical pockets. In late 2024, the federal addresses transformed seized Aragon (ANT) tokens into ether.
That swap ended two years of dormancy, an Alameda earlier ANT move Arkham flagged on the time.
It additionally remembers an earlier FTX wallet shuffle of about $33 million in ETH, BUSD, and smaller tokens.
How Markets Read the Move
Most early reactions on X handled the switch as routine asset administration reasonably than an imminent promote sign. At $1.9 million, the batch is a sliver of the company’s general crypto place.
“Relax, it’s pocket change for the US gov. They in all probability simply rebalancing their luggage,” one consumer stated.
Arkham’s public US Government entity web page lists 610 pockets addresses holding a mixed $27 billion as of early May 2026.
Of that, 328,361 BTC, price roughly $26.6 billion, dominates the portfolio, with ether, stablecoins, and wrapped tokens trailing far behind.
The DOJ’s Asset Forfeiture Program tends to liquidate non-core altcoins forward of bitcoin. The company treats BTC as a longer-hold reserve and strikes it in bigger, structured batches.
A Coinbase Prime altcoin policy shift final 12 months additionally reshaped which tokens institutional desks can custody.
That leaves Arkham’s query unanswered.
“Are they about to promote the seized funds?” Arkham posed.
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