Is there a risk of ETH sales? US crypto transfer causes a sensation

The US government has Ethereum Moved to Coinbase worth $ 219,000. This initially looks insignificant, but arouses memories of previous crypto sales.

Observers speculate about possible liquidations or political signals. This movement could mean much more than just a simple transfer.

Why is the USA moving crypto-assets?

It is known that the US government has a large Bitcoin stock that it has confiscated from various criminal organizations. Whenever you some of these assets liquidatethe market is moving and crypto enthusiasts worldwide become aware. Today Arkham Intelligence discovered that the United States has around $ 219,000 in Ethereum have transferred to Coinbase:

It is currently unclear why this happened. Under President Biden, the federal government has large quantities last year Bitcoin Liquidated, and transfers to Coinbase were an early warning signal for these sales. In response to this, Trump proposed to create a US crypto reserve, and his plan expressly includes old coins like Ethereum.

So why does this transfer take place? Several Commentator immediately assumedthat the United States is planning this Ethereum to sell. Finally, even if ETH is currently stable, it previously experienced a decline for almost six months in a row.

Since President Trump has been in office, the Federal Government has only transferred tokens to an exchange for another time. This incident However, an even smaller amount was and took less than a week after his inauguration. Now, however, he has been in office for months and the White House is actively working on one Krypto-Reserve.

In other words: the USA could plan, more in the future Ethereum to liquidate. Admittedly, it is a small sum, which could be an important warning signal. In fact, every transfer from the government to stock exchanges represents a significant political U-turn, especially if ETH will be part of the crypto reserve.

Nevertheless, it is important to see this step in the context. The US government holds currently over $ 650 million in Ethereumbut has transferred less than $ 220,000 to coin base. She only moved assets that she confiscated the Senecal Senecal fraudster in 2022, but does not even move all of his confiscated tokens. This ETH liquidation theory could be unrealistic or exaggerated.

There are currently many unanswered questions about this Ethereum transfer from the US government. So far this message has the Course Not very moved by ETH, which hopefully indicates a lack of investor fud. Nevertheless, this uncertainty could lead to future unrest.