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Another government-linked wallet tied to seized FTX and Alameda funds just became active again.
About 10 hours ago, the address moved 319 $ETH worth around $673K, along with 643K DAI and 290K USDT, into Coinbase Prime.
The size isn’t huge compared to some of the previous transfers we’ve seen, but wallets connected to government-held FTX assets still tend to get attention whenever they move funds. Traders usually watch these deposits closely because they sometimes spark fears of potential sell pressure , even though transfers to Coinbase Prime don’t necessarily mean the assets are being sold right away.
For now, it looks more like another routine movement, but the market is clearly still keeping an eye on every transaction tied to the FTX/Alameda recovery wallets.