US Government Transfers 54.89 Billion SHIB and $18.17 Million in ETH from FTX/Alameda Funds

In a recent update from COINOTAG News, dated December 4th, Arkham monitoring has revealed significant movements involving the US government’s cryptocurrency holdings. Within a mere three hours, crucial portions of the FTX/Alameda collateral reserves were transferred to two distinct wallets. This transaction included a substantial transfer of 5024 ETH, equating to approximately $18.17 million, alongside 13.58 million BUSD and 54.89 billion SHIB, valued at about $1.55 million. Additionally, notable assets such as AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM, and RLC were also involved in this transaction. These developments underscore the ongoing activities of government entities in the digital currency space and their implications for market dynamics.