Is the US Govt Preparing to Sell Its ETH Stash? Here’s What We Know
full version at cointab
As the bearish trends continue, the United States government has made a surprising move. On-chain data shared by the blockchain analytics platform Arkham Intelligence shows that the country’s government has just sent 0.041 ETH (worth approximately $96) to a new wallet address.
Widely regarded as a possible “transfer test,” this may be the government’s first step towards liquidating 50,524 ETH (worth over $117.8 million). If true, such a sell-off move could send the crypto market into more price downtrends, a trend that ensued when the German government sold off 50,000 BTC.
This is a developing story…
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