U.S. government-related wallets have transferred 3,940 BTC and 30,014 ETH worth approximately $297 million to Coinbase Prime, according to Arkham data. These assets were seized as part of several criminal investigations.
The transfer to the platform does not necessarily indicate an impending sale. Previously, analysts estimated the cryptocurrency assets linked to U.S. authorities at $20.6 billion, including 325,000 BTC, 28,000 ETH, 146 million USDT, and 750 WBTC.