[DigitalToday reporter Yoonseo Lee] The U.S. government moved about $1.9 million worth of altcoins seized from Alameda Research to Coinbase Prime.

BeInCrypto, a blockchain media outlet, reported on May 27 (local time) that the transaction was spotted by on-chain analytics firm Arkham Intelligence.

The transferred assets were five tokens: Render (RNDR), Uniswap (UNI), The Sandbox (SAND), Mask Network (MASK) and Axie Infinity (AXS). An address Arkham classified as a U.S. government wallet sent $1.89 million worth of tokens to a Coinbase Prime deposit address. The tokens came from a Binance-related wallet that the Department of Justice seized in 2023, and the market is again focusing on the possibility of a government sale.

Value was concentrated in RNDR and UNI. SAND, MASK and AXS were classified as relatively small positions worth several hundred thousand dollars each.

Coinbase Prime is an institutional custody and trading service. It is known as a platform used by hedge funds, asset managers and government agencies for custody and structured sales. For this reason, when assets move from a government wallet to Coinbase Prime, the market always focuses on whether it is a change in custody structure or preparation for an actual disposal.

Still, the market response was relatively calm. On X, formerly Twitter, reactions first emerged viewing the transfer as routine asset management rather than an immediate sell signal. One user said it was "small change by U.S. government standards" and "could be a rebalancing of holdings." The size of the move is a small part of the government's total crypto holdings.

According to tallies on Arkham's public page, wallets linked to the U.S. government hold $27 billion in digital assets across 610 addresses as of early May 2026. Of that, 328,361 BTC worth about $26.6 billion accounts for most of the total. Ethereum, stablecoins and wrapped tokens follow.

In the background, the assets trace back to seizure proceedings in January 2023. At the time, the Department of Justice pursued civil forfeiture proceedings against 3 Alameda accounts at Binance and BinanceUS. Those accounts held more than $300 million in assets at the time, and the action was carried out in connection with the FTX collapse. The case later led to more than $11 billion in court-ordered forfeitures.

The transfer also aligns with earlier moves by the same wallet. A federal government address swapped Aragon (ANT) tokens seized in late 2024 into ethereum. That conversion drew attention as an example of restarting wallet activity that had been halted for 2 years. Earlier, there were cases in which about $33 million worth of ethereum, BUSD and other tokens were redeployed from FTX-related wallets.

The U.S. Department of Justice asset forfeiture program has tended to cash out less mainstream altcoins before bitcoin. By contrast, it has treated bitcoin more like longer-term reserve assets and often moved it in larger batches. Coinbase Prime's adjustment last year to its altcoin policy for institutional clients is also cited as a variable that could affect which tokens are kept and how they are held or disposed of.

In the end, this move alone makes it difficult to conclude whether a sale is under way. Still, with seized Alameda assets returning to Coinbase Prime, the market is watching to see whether it leads to an actual disposal, as Arkham asked.

The US Government just moved $1.9 Million of Alameda funds. The USG seized $13M of Alameda’s assets from Binance over 3 years ago. They just moved $1.89M of RNDR, UNI, SAND, MASK and AXS to Coinbase Prime. Are they about to sell the seized funds? pic.twitter.com/vHzgeZKybu