The U.S. Government Is Moving Crypto Again , THIS TIME IT'S $LINK 🥶.
A wallet linked to the U.S. government's FTX/Alameda seized funds just transferred 98,590 LINK, worth approximately $768,000, to Coinbase Prime. Now, every time government wallets start moving tokens, traders immediately jump to the same conclusion:
"Are they selling?" And honestly, it's a fair question.
Historically, transfers from government-controlled wallets to Coinbase Prime have often preceded asset liquidations, although a deposit alone doesn't guarantee an immediate sale.
Still, the market tends to pay attention whenever seized crypto starts heading toward an institutional trading platform. In the grand scheme of things, 98,590 LINK isn't a huge amount relative to #Chainlink 's overall market, so it's unlikely to move the needle by itself.
