From a wallet of the United States Government, Ethereum worth $ 200,000 to Coinbase 
$2,560.98 was transferred. With the emergence of this transaction, concerns that a large sales could be realized among market participants increased. According to the information transferred, a 10 -dollar trial was performed from the government wallet to Coinbase before the transfer. Following this test, a total of 86,56 Ethereum was transferred.
US government crypto money transfer
The transfer was announced by the analysis company Arkham Intelligence in Social Media Platform X. In a statement made by analysts, it was claimed that the transfer procedures were a powerful signal that they could point to a large -scale sale. The movement of the government’s crypto currency assets is strictly monitored due to transparency in Blockchain. While it is not clear whether the reason for such transfers is sales, it is unclear whether the continuation will come.
Experts remind you that crypto currency transfers made by the American government in a similar way that previously put pressure on prices. Analysts say that although the amount of transfer is relatively small in the current situation, it may have a psychological effect on the market. Due to the volatil nature of the crypto currency market, transfers made by official authorities have always been a source of concern.
Arkham Intelligence on the subject on the subject of the sharing of the social media account took place in the following statements:
The US government wallet transferred 86,56 ETH to Coinbase. Although the purpose of this transfer did not become clear, there was a sales expectation among market participants.
US government and crypto
The sending of government assets to central platforms such as Coinbase can often be interpreted as a sales preparation in the market. But let’s remember a few weeks before Trump took office. In those days, the current president said that the government should not sell crypto currencies, they would keep them in hand and they would not manipulate the markets. Although the Biden administration received the permits of the Ministry of Justice for several transfers, the Silkroad’s assets did not transfer to the Coinbase stock exchange as Trump had a little time left for him to take office.
Why does the US transfer the government’s assets to the Coinbase Exchange? Because there is an agreement signed between the Ministry of Justice and Coinbase Prime, sales are usually made to OTC buyers. It doesn’t make sense to think that the government will now make large -scale sales, while Trump made the Crypto Crypto Asset Stock Announcement Months and commissioned it.
Moreover, the movement of the US government represents a few of the $ 151 million Ether of Ether. You see the distribution of the assets in the hands of the government from the Arkham table above. The total figure is over 22 billion dollars and almost all of this is BTC.
If you pay attention to the movements in the last 2 months, you will always see that the assets seized in various events come to the government wallets. So it seems to be nothing to be afraid of.
The Ethereum transfer of the American government to Coinbase caused significant interest and mobility in the crypto currency market. Although it is not certain whether the transfer means direct sales, it is seen that the movement is monitored transparently and is effective in market psychology. Investors are advised to analyze the major trading movements correctly and evaluate the current market conditions without rushing decisions. Thanks to the public information on the block chain, the economic reflections of such transfers continue to be closely monitored.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
