Why is the US government selling LINK tokens?

The LINK is held in a wallet tied to funds seized from FTX and Alameda Research. The U.S. Marshals Service and DOJ liquidate recovered crypto under court oversight, using regulated venues like Coinbase Prime to sell into the public market.

How much LINK is being sold?

The latest deposit was 98,590 LINK, worth roughly $768,000 at the time of transfer.

Does a Coinbase Prime deposit mean the tokens were already sold?

Not necessarily. Coinbase Prime deposits usually precede the sale, but the assets are typically broken into tranches and executed over days or weeks to limit market impact.

How does this kind of sale affect the LINK market?

LINK has a thinner order book than BTC or ETH, so even a sub-$1M controlled sale can move the price if executed in a tight window. Watch for follow-on tranches.

Where can I track these government wallet transfers?

Blockchain analytics platforms label the seized FTX-Alameda wallets and surface their deposit activity to exchanges in near real time.

〽️NEUTRAL 45d ago

Lookonchain

US Government Wallet Moves 98,590 $LINK to Coinbase Prime

The transfer comes from the FTX-Alameda seized-asset wallet, a recurring venue for offloading recovered crypto from the collapsed exchange into the public market.

Zipp Editorial Aggregated from Lookonchain

US Government Wallet Moves 98,590 $LINK to Coinbase Prime

A wallet tied to seized FTX-Alameda funds deposited 98,590 $LINK worth roughly $768,000 to Coinbase Prime, continuing the U.S. government's pattern of offloading recovered crypto through regulated venues.

Why it matters

The transfers are processed under the oversight of the U.S. Marshals Service and the Department of Justice, with Coinbase Prime and other institutional desks serving as the primary on-ramp into the public market. Each deposit is a controlled liquidation, not a market order — the assets are typically broken into tranches and sold over days or weeks to limit slippage.

Market impact

The dollar size here is modest, but LINK is a mid-cap token with relatively thin order books compared to BTC or ETH, so even a sub-$1M sale can move the tape if executed in tight windows. Traders tracking the seized-asset wallets watch these Coinbase Prime deposits as the first signal of an upcoming liquidation tranche — the deposit itself is not the sale, but it usually precedes one.

$LINK #Chainlink #FTX #CoinbasePrime

Frequently asked questions

Why is the US government selling LINK tokens?

The LINK is held in a wallet tied to funds seized from FTX and Alameda Research. The U.S. Marshals Service and DOJ liquidate recovered crypto under court oversight, using regulated venues like Coinbase Prime to sell into the public market.
How much LINK is being sold?

The latest deposit was 98,590 LINK, worth roughly $768,000 at the time of transfer.
Does a Coinbase Prime deposit mean the tokens were already sold?

Not necessarily. Coinbase Prime deposits usually precede the sale, but the assets are typically broken into tranches and executed over days or weeks to limit market impact.
How does this kind of sale affect the LINK market?

LINK has a thinner order book than BTC or ETH, so even a sub-$1M controlled sale can move the price if executed in a tight window. Watch for follow-on tranches.
Where can I track these government wallet transfers?

Blockchain analytics platforms label the seized FTX-Alameda wallets and surface their deposit activity to exchanges in near real time.

Source attribution

Aggregated from Lookonchain · Verified · Last refreshed 45d ago

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