U.S. Moves $1.9M in Alameda-Seized Altcoins to Coinbase Prime

On May 27, 2026 a wallet labeled as belonging to the U.S. government sent about $1.89 million worth of altcoins seized from Alameda Research to a Coinbase Prime deposit address, blockchain tracker Arkham Intelligence flagged.

The transfer covered Render (RNDR), Uniswap (UNI), The Sandbox (SAND), Mask Network (MASK) and Axie Infinity (AXS). Most of the dollar value was in RNDR and UNI; SAND, MASK and AXS represented smaller positions worth several hundred thousand dollars each.

The addresses involved trace back to accounts the Department of Justice seized from Alameda Research in January 2023 after filing civil forfeiture actions against three Binance and Binance.US accounts that once held more than $300 million. The broader FTX litigation has produced more than $11 billion in court-ordered forfeitures to date.

Coinbase Prime provides custody and structured trading services to institutional clients, including hedge funds, asset managers and government entities. Transfers to Coinbase Prime have in past cases been followed by custody changes or liquidations in other federal forfeiture matters. Coinbase adjusted its policy last year on which altcoins the institutional desk will custody.

Arkham posted details of the transfer publicly and asked whether the assets were headed for sale. Market participants on X largely treated the transfer as routine asset management. One X user wrote, “Relax, it’s pocket change for the US gov. They probably just rebalancing their bags.”

Arkham’s public U.S. government entity page lists hundreds of wallets aggregated under federal control, with holdings valued at roughly $27 billion in early May 2026. The portfolio is dominated by about 328,361 bitcoin, with smaller allocations of ether, stablecoins and wrapped tokens.

Officials have not announced any planned sale or liquidation tied to the May transfer. The assets were originally held on Binance; federal disposition of non-BTC tokens typically depends on custody agreements, market conditions and internal agency procedures.