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US Government’s Ethereum Transfer Into Coinbase Sparks Selloff Fears

  • The US government's recent Ethereum transfer to Coinbase sparks concerns of potential sell-off.
  • Speculation arises as transfers to platforms like Coinbase often precede significant sell-offs.
  • Most of the transferred ETH originated from assets seized in 2022 from an online scammer.
  • Analysts watch for signals of future asset sales as government holdings move to exchanges.
  • Despite the transfer, Ethereum market remains calm, showing only a marginal decline.

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