Significant Asset Transfers from Government Wallets
During a period of sharp sell-off in the cryptocurrency market, a remarkable amount of assets moved from US government wallets.
According to Arkham data, a total of $7.5 million worth of cryptocurrency was transferred to different wallets in the last 24 hours.
Authorities transferred $300,000 worth of NEXO, $3 million worth of WETH, and $4.2 million worth of TRX in the last 24 hours. The NEXO and TRX assets were reportedly seized two years ago as part of Alameda Research investigations, while the WETH reportedly came from cryptocurrencies seized between 2022 and 2024 in the Bitfinex hacker Ilya Lichtenstein case.
Government's Extensive Crypto Holdings
These transactions represent only a small fraction of the US government's massive crypto portfolio. According to Arkham data, there are 613 addresses affiliated with the US government, with a total crypto asset value exceeding $28.5 billion.
Among the main assets held by the government, the following stand out:
- •Bitcoin (BTC): 326,588 BTC – approximately $27.82 billion
- •USDT: $351.4 million
- •Ethereum (ETH): 64,731 ETH – approximately $179 million
- •WBTC: $63.7 million
- •BNB + WBNB: Total approximately $52 million
- •USDC: $11.58 million
- •WETH: $11.43 million
- •DAI: $8.67 million
- •UNI: $1.93 million
- •LINK: $1.22 million