US Wallets Move Chainlink Assets to Coinbase Amid Speculation

The US government has made a significant move in its handling of cryptocurrency assets seized from bankrupt exchange FTX and related company Alameda. According to on-chain data, wallets controlled by the US have transferred 98,591 Chainlink (LINK) tokens to Coinbase.

This transfer is notable because it involves funds that were previously held in cold storage, which are typically used for long-term investments or treasury management. The fact that these assets are being transferred to a centralized exchange like Coinbase suggests that they may be put up for sale.

However, this move seems to contradict the US's earlier statement that it would not sell cryptocurrencies seized through various methods. Instead, officials announced plans to build a cryptocurrency treasury using these assets.