An on-chain address linked to the United States government has transferred approximately 98,591 Chainlink (LINK) tokens—worth around $770,000—to Coinbase Prime, according to data from Arkham Intelligence. The tokens were part of assets seized from the collapsed exchange FTX and its affiliated trading firm Alameda Research.
The move, flagged on June 10, 2026, suggests the government may be preparing to liquidate a portion of its seized crypto holdings. Coinbase Prime, an institutional custody and trading platform, has a contract with the U.S. Marshals Service for managing and selling forfeited digital assets. While no official sale has been confirmed, transfers to exchanges generally precede disposals.
The transaction follows a broader pattern of government-controlled wallets periodically moving seized funds to regulated venues, allowing public scrutiny via blockchain transparency. Prior statements from U.S. officials indicated a policy of not selling cryptocurrencies but rather building a treasury from seized assets. This transfer, if indeed a sale, would contradict that narrative, though the small size suggests a possible test or partial liquidation.
Chainlink, a leading decentralized oracle network, remains a top-20 cryptocurrency by market cap. The relatively modest $770,000 transfer is unlikely to cause major price disruption, but it highlights the government’s ongoing management of multi-billion-dollar crypto portfolios obtained through enforcement actions against fraud and illicit activities.
