WuBlockchain
U.S. government-linked wallets transferred 833.6 BTC, worth about $71.6 million, to Coinbase Prime and moved another 40,285 BNB, worth about $31.6 million, through several addresses to 0xBE7...81E. On-chain analyst EmberCN tracked the transfers.
Why it matters
The BTC transfer to Coinbase Prime is a notable destination, but a transfer alone does not establish that the coins were sold. The BNB moved through several addresses to a separate destination, so the two movements should not be treated as one exchange deposit.
Market impact
The tracked wallets still hold roughly $28 billion in crypto assets, including about 324,000 BTC valued at $27.7 billion. The transferred amounts are small relative to those holdings, while the Coinbase Prime movement may draw attention to whether BTC is later sold or moved again.
Frequently asked questions
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How much BTC did the government-linked wallets transfer to Coinbase Prime?
They transferred 833.6 BTC, valued at about $71.6 million.
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Where did the BNB transfer go?
The wallets moved 40,285 BNB, worth about $31.6 million, through several addresses to 0xBE7...81E.
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Does the Coinbase Prime transfer mean the BTC was sold?
No. The transfer destination is Coinbase Prime, but the movement alone does not establish that a sale occurred.
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How much BTC do the tracked wallets still hold?
They hold about 324,000 BTC, valued at roughly $27.7 billion.
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How large are the wallets' remaining crypto holdings?
The tracked wallets still hold roughly $28 billion in crypto assets.
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