US Government Moves $1.9 Million in Seized Alameda Altcoins to Coinbase Prime. Source: Photo by RDNE Stock project
The US government transferred nearly $1.9 million worth of seized altcoins linked to Alameda Research to Coinbase Prime on Wednesday, according to on-chain data tracked by Arkham Intelligence. The transaction quickly sparked speculation across the crypto market about whether federal authorities are preparing to sell the assets.
The transferred crypto assets included Render (RNDR), Uniswap (UNI), The Sandbox (SAND), Mask Network (MASK), and Axie Infinity (AXS). Most of the portfolio’s value came from RNDR and UNI, while the remaining tokens represented smaller holdings valued at several hundred thousand dollars each.
Arkham Intelligence identified the wallets as addresses controlled by the US government following seizures tied to the Alameda Research and FTX collapse investigations. The funds originally came from Binance-linked accounts confiscated by the Department of Justice in 2023 during broader enforcement actions against Sam Bankman-Fried’s crypto empire.
Coinbase Prime, the institutional division of Coinbase, is commonly used by government agencies, hedge funds, and large investors for crypto custody and structured asset sales. Previous government transfers to Coinbase Prime have often fueled concerns about potential liquidations, especially after similar Bitcoin-related transfers in past years.
Despite the attention, many crypto analysts and traders believe the latest movement is routine asset management rather than a sign of an immediate sell-off. Social media reactions largely downplayed the transfer size, noting that $1.9 million represents only a tiny portion of the US government’s estimated $27 billion crypto portfolio.
Arkham data shows the federal government currently holds more than 328,000 BTC, making Bitcoin the dominant asset in its digital holdings. Historically, authorities have liquidated smaller altcoin positions before selling larger Bitcoin reserves.
The latest transfer also follows previous activity involving seized Alameda assets, including earlier conversions of Aragon (ANT) tokens into Ethereum. While the purpose of the Coinbase Prime transfer remains unclear, market watchers continue monitoring government wallet activity closely for signs of future crypto sales in 2026.