- The U.S. moved 54.897 billion SHIB ($1.55M) and various altcoins from seized FTX wallets amid ongoing liquidation efforts.
- Transfers ncluded 5,024 ETH ($18M), Binance USD, WBTC, and altcoins like AXS, YFI, and POWR.
- Alameda continues liquidating Worldcoin (WLD) holdings, retaining $46M despite past sales.
The U.S. Government moved 54.897 billion Shiba Inu (SHIB), valued at $1.55 million, from the “FTX Alameda Seized Funds” wallet, Arkham Intelligence revealed on December 3, 2024. These assets, confiscated after the platform’s collapse due to mismanagement in November 2022, include large amounts of Shiba Inu, Ethereum, and other tokens.
Data revealed multiple transactions, including 5,024 ETH worth $18 million sent to addresses beginning with “0x9cd” and “0x9ac.” Additionally, the government moved 4,815 ETH valued at $17.43 million, $13.10 million in Binance USD, $1.5 million in SHIB, and several altcoins like AERGO, POWR, AXS, WBTC, and YFI. These actions coincided with Ethereum’s price climb to $3,674, continuing a market-wide rally.
U.S. Government Transfers 20K BTC to Coinbase
The transfer of SHIB comes after the United States government’s significant Bitcoin movement. 20,000 BTC were sent to Coinbase Prime, causing controversy in the crypto community. At that time, many experts speculated that the U.S. government would maintain its Bitcoin reserves.
The move sparked significant debate in the crypto community, as many expected the government to retain its Bitcoin, especially with President-elect Donald Trump set to assume office. A U.S. Space Force major, Jason Lowery, publicly criticised the decision after the U.S. Marshals Service (USMS) transferred some assets to Coinbase Prime.
On-chain data shows the government holds 198,109 BTC, valued at $19.08 billion. USMS-linked wallets also contain 54,544 ETH, over 750 wrapped Bitcoin (WBTC), and $122.13 million in USDT. Other notable transfers include $36,070 in Axie Infinity (AXS), $93,950 in Numeraire (NMR), $50,710 in WBTC, and $47,350 in Yearn Finance (YFI).
Alameda Wallet Activity and Liquidation
Several known Alameda wallets show sporadic trades and liquidations. A wallet recently sold 143,770 Worldcoin (WLD) to Binance, while smaller AMPL, FTM, and ANT holdings persist. Alameda’s significant WLD holdings, bolstered by price gains, reflect its strategic liquidation over recent months. Despite selling, Alameda retains over $46M in WLD, with one wallet now holding nearly $200M after the latest market surge.
Over the past few months, Alameda has sold WLD at an average price of $1.71, though WLD is currently priced at $1.99. Additionally, Alameda’s wallet received residual TEL tokens from KuCoin and small meme tokens from unknown addresses.
The FTX liquidator wallet, holding $4.18 million, continues to receive residual tokens, including TEL from KuCoin. Rumours persist about FTX and Alameda’s past Solana reserves, though most SOL assets were liquidated years ago. Meanwhile, the FTX Alameda “Seized Funds” wallet retains $980K in ETH and diverse tokens, compared to the broader FTX liquidation effort targeting $12 billion compensation. Some Alameda wallets still exhibit activity, including trading FTM and selling $46M in WLD.
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