U.S. government moves 3.233 ETH in seized funds to Coinbase Prime.

A wallet linked to Glenn Olivio seized funds — held by the U.S. government — transferred 3.233 ETH, worth roughly $7,630, to Coinbase Prime approximately one hour ago. On-chain data flagged the deposit, consistent with the government's established pattern of routing seized crypto assets through institutional custodians ahead of liquidation.

The transaction is small by any measure, but government-linked ETH movements to Coinbase Prime are routinely tracked as a signal of pending sell-side activity. At current prices the impact on the broader market is negligible.