Lookonchain confirmed on May 29 that within the past 5 hours, U.S. government wallets transferred out about $805,000 worth of tokens again. This is the second consecutive record after approximately $1.9 million worth of tokens (including RNDR, UNI, SAND, MASK, AXS) were transferred into Coinbase Prime on May 28, sparking speculation in the market about sell-offs.
Continuous transfer details confirmed by Lookonchain and Arkham
(Source: Arkham)
Lookonchain monitored and confirmed on May 29 that the U.S. government made a new transfer out of about $805,000.
AMB Crypto confirmed on May 28 that the RNDR, UNI, SAND, MASK, and AXS tokens held by the U.S. government were transferred to a Coinbase Prime wallet. Arkham Intelligence labeled that wallet as a U.S. government-controlled address. Coinbase Prime is Coinbase’s institutional services platform, providing custody and structured trading services for hedge funds, asset management firms, and government agencies.
Arkham confirmed that the source of these tokens traces back to assets from a research company related to Binance that was seized in 2023 by the U.S. Department of Justice from Binance-related accounts. At the time, the total seizure amount was about $13 million.
Confirmed market data for the affected tokens and the broader crypto market environment
According to market data confirmed by AMB Crypto, RNDR fell by about 9.5% to $1.99, AXS fell by 6.05% to $1.09, SAND fell by 4.47% to $0.06682, and MASK fell by 4.45% to $0.4231.
AMB Crypto’s report also confirmed that these token declines were not entirely driven by concerns about the government’s transfers being sold, because during the same period the total crypto market capitalization also declined by 3.07% to about $2.46 trillion. The Fear and Greed Index entered the “Extreme Fear” zone, reflecting broader market risk-avoidance sentiment.
Confirmed historical precedents and terms in Executive Order 14233
There is disagreement within the crypto community about the significance of these transfers: one interpretation views it as a phased liquidation process, while another sees it as routine custody management. Based on confirmed historical precedents, the U.S. government has sold seized Bitcoins via public auctions in multiple cases, including Silk Road.
At the same time, Executive Order 14233 signed earlier by President Trump includes provisions stating that some seized Bitcoins should be retained as strategic assets rather than sold. Whether the terms of the executive order cover this Alameda-related altcoin transfer, and whether these tokens will not be sold, has not received an official explanation as of May 29, 2026.
FAQ
Are the $805,000 transfer and the May 28 $1.9 million transfer from the same batch of seized assets?
Based on confirmations from Lookonchain and Arkham, both transfers were labeled as U.S. government addresses and were linked to assets seized in 2023 from Binance-related accounts. The total seizure amount at the time was about $13 million. Whether the two transfers are batch processing of the same assets in parts has not yet been officially confirmed.
Why is RNDR’s drop of 9.5% significantly higher than the 4–6% drops of SAND, MASK, and AXS?
According to the confirmed data from AMB Crypto, the tokens involved in the government transfer all saw declines. AMB Crypto confirmed that the overall crypto market also fell by 3.07% in the same period. The differences in declines among tokens reflect differences in each token’s market depth and liquidity, rather than simply being caused by pressure from the government transfers.
Does Executive Order 14233 apply to this altcoin transfer, and does it mean these tokens won’t be sold?
Executive Order 14233 explicitly states that some seized Bitcoins are to be retained as strategic assets, but whether the terms of the executive order cover this altcoin (including RNDR, UNI, SAND, etc.) transfer has not been officially addressed by the U.S. government as of May 29, 2026.
