
In a significant move, the U.S. government transferred 2000 BTC, approximately $139M, previously confiscated from the Silk Road darknet platform, to a Coinbase Prime address, sparking widespread speculation about potential sales and its impact on the cryptocurrency market. The Department of Justice (DOJ) transferred 30,175 Bitcoin, valued at approximately $2 billion, to an unknown wallet, presumed by Arkham Intelligence to be a Coinbase address. This action follows the government's notification in January about selling $131 million worth of Bitcoin connected to a Silk Road case. The transferred amount aligns with the government's previous announcement and suggests a possible sale through an over-the-counter (OTC) trade. Market reactions have been mixed, with some viewing the government's move as a bullish signal for Bitcoin, while others speculate about the potential market impact of such a large-scale sale.











๐จ ๐จ 8,549 #ETH (28,587,384 USD) transferred from unknown wallet to #Binance https://t.co/8bHDI0Vd78
๐จ ๐จ ๐จ 70,000,000 #USDC (69,992,860 USD) transferred from unknown wallet to #Coinbase https://t.co/xa2K7oHb3A
๐จ ๐จ ๐จ 51,000,000 #USDC (51,050,999 USD) transferred from #Wintermute to unknown wallet https://t.co/6iesPCZvFR