U.S. government-linked wallets move over $100M in BTC and BNB

Wallets linked to the U.S. government moved more than $100 million in bitcoin and BNB on Tuesday, according to onchain data tracked by Arkham. No sale has been confirmed, and the destinations or purpose of the transfers have not been disclosed.

Government-linked wallet activity draws market attention because of the potential for large asset disposals, though moving funds onchain does not necessarily mean a sale is underway. The U.S. government periodically auctions seized crypto, including bitcoin forfeited in criminal cases.