US Government-Linked Wallet Reawakens, Sends Bitcoin to Exchange

The U.S. government has seized large amounts of cryptocurrency in cybercrime crackdowns, making it one of the world’s largest Bitcoin holders. Flows from government-controlled wallets are closely watched as market signals. When these long-dormant “whale wallets” move assets to exchanges, investors often see it as a sign of an impending large-scale selloff, fueling fears of falling prices and drawing intense scrutiny from the crypto community and financial markets.

Onchain data showed that a cryptocurrency wallet linked to the U.S. government suddenly became active on July 13, 2026, after lying dormant for four years. It transferred 140.214 Bitcoin, worth about $8.79 million, to the Coinbase Prime cryptocurrency exchange. The move triggered a chain reaction, with the government transferring nearly $300 million in crypto assets over the following several days and putting the community on high alert.