US Government Moves $1.9 Million of Seized Alameda Altcoins

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The US government moved roughly $1.9 million in altcoins seized from Alameda Research to Coinbase Prime on Wednesday. On-chain tracker Arkham Intelligence flagged the transfer. The batch covered five tokens from wallets the Department of Justice seized in 2023. The source accounts sit at Binance, and the move has revived familiar speculation about an eventual government sale. Is the US Government Selling? A wallet labeled by Arkham as the US Government sent about $1.89 million in tokens to a Coinbase Prime deposit address. The batch covered Render (RNDR), Uniswap (UNI), The Sandbox (SAND), Mask Network (MASK), and Axie Infinity (AXS). Most of the dollar value sat in RNDR and UNI. Both tokens trade with market caps near $1.14 billion and $2.08 billion, respectively, according to BeInCrypto data. SAND, MASK, and AXS are smaller positions worth a few hundred thousand dollars apiece. Coinbase Prime is the exchange’s institutional arm. Hedge funds, asset managers, and government agencies use it for custody and structured sales. Past USG transfers there have preceded both custody changes and outright liquidations, including an earlier Bitfinex bitcoin Coinbase transfer. A Familiar Pattern From the 2023 Forfeiture The seized stash traces back to January 2023. The Department of Justice filed civil forfeiture actions against three Alameda accounts on Binance and Binance.US. Those accounts held over $300 million at the time. The action sat inside the wider FTX collapse case. That case has since produced more than $11 billion in court-ordered forfeitures. The transfer fits a pattern from the same wallet. In late 2024, the federal addresses converted seized Aragon (ANT) tokens into ether. That swap ended two years of dormancy, an Alameda earlier ANT move Arkham flagged at the time. It also recalls an earlier FTX wallet shuffle of about $33 million in ETH, BUSD, and smaller tokens. How Markets Read the Move Most early reactions on X treated the transfer as routine asset management rather than an imminent sell signal. At $1.9 million, the batch is a sliver of the agency’s overall crypto position. “Relax, it’s pocket change for the US gov. They probably just rebalancing their bags,” one user stated. Arkham’s public US Government entity page lists 610 wallet addresses holding a combined $27 billion as of early May 2026. Of that, 328,361 BTC, worth roughly $26.6 billion, dominates the portfolio, with ether, stablecoins, and wrapped tokens trailing far behind. The DOJ’s Asset Forfeiture Program tends to liquidate non-core altcoins ahead of bitcoin. The agency treats BTC as a longer-hold reserve and moves it in larger, structured batches. A Coinbase Prime altcoin policy shift last year also reshaped which tokens institutional desks can custody. That leaves Arkham’s question unanswered. “Are they about to sell the seized funds?” Arkham posed. Follow us on X to get the latest news as it happens

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