During a period of sharp sell-off in the cryptocurrency market, the US government has moved approximately $7.5 million to $7.76 million worth of seized digital assets from its wallets. According to data from blockchain analytics firms Arkham and Onchain Lens, the transfers occurred over a 24-hour period, involving several altcoins.
The breakdown of transferred assets includes: $4.2 million in TRX (Tron), $3 million to $3.01 million in WETH (Wrapped Ethereum), $300,000 in NEXO, $350,000 in FTT (FTX Token), and $200,000 in KNC (Kyber Network Crystal).
These assets were seized in high-profile cases: the NEXO and TRX from investigations into Alameda Research (linked to the FTX collapse), and the WETH from cryptocurrencies seized in the Bitfinex hacker case involving Ilya Lichtenstein between 2022 and 2024.
The US government's crypto portfolio is substantial, with 613 addresses holding over $28.5 billion in assets, including 326,588 BTC ($27.82B), 64,731 ETH ($179M), and various other tokens. This transfer represents only a small fraction of the total holdings, but it highlights the government's growing role in managing digital assets under regulatory frameworks.
Such movements can create temporary market pressure and affect investor sentiment, as large disposals might influence token prices, though authorities aim to minimize disruption through gradual and compliant processes.
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