Key Insights:
- U.S. government wallets moved seized LINK, UNI, and CRO tokens to Coinbase Prime.
- The transfers revived fears of a possible government-linked crypto liquidation.
- LINK, UNI, and CRO prices weakened as traders reacted to the onchain movement.
The U.S. government transferred seized crypto assets tied to an alleged money laundering case involving former Oracle technician Brian Krewson. Blockchain data showed the wallets moved LINK, UNI, and CRO tokens to Coinbase Prime, triggering fresh sell-off speculation across the crypto market.
The transfers arrived during a volatile trading period, prompting traders to closely monitor whether authorities would liquidate the assets.
Crypto News: Is the US Govt Selling Seized LINK, UNI, CRO?
According to the latest findings of Arkham Intelligence, the US government has transferred a massive $34.8K worth of crypto assets seized from a cocaine launderer. These assets include Chainlink (LINK), Uniswap (UNI), and Cronos (CRO).
The US moved these cryptocurrencies to Coinbase Prime, sparking widespread speculations of a potential sell-off. On-chain data reveals that the transferred assets include 2,466 UNI worth nearly $8,410, 152,925 CRO valued at about $10,689, and 1,589 LINK estimated at roughly $15,703.
The crypto news also suggests that the assets were connected to funds previously seized from Brian Krewson, an Oracle technician and alleged money launderer
What is more interesting is the timing of this crypto news. These transfers have been reported during a highly volatile period for the crypto market. As these assets are linked to confiscated funds, the crypto market is closely watching the government’s next move.
Usually, crypto transfers linked to governments signal potential custody changes, liquidation plans, or broader regulatory actions involving digital assets.
Here, the crypto market sees the news as a potential signal of a sell-off. However, there has been no official confirmation indicating that the government plans to immediately sell the transferred cryptocurrencies.
In addition, other altcoins linked to the crypto news are also being watched by the market. This is because similar crypto news on governments’ asset transfers has made a wider impact on the market.
How LINK, UNI, and CRO Crypto Price React?
Although the transferred amounts were relatively small compared to the overall market size, the crypto news still created uncertainty. It has significantly added pressure on the prices of LINK, UNI, and CRO.
LINK Price Drops 1.5%
It is important to note that the Chainlink crypto price has slipped by about 1.5% over the past 24 hours. This crypto price drop is clearly connected to the US government-linked crypto news. As the government’s move sparked speculations of the Chainlink liquidation, the altcoin took a dive.
As of press time, the LINK price is at $9.90. Despite the daily decline, LINK has seen notable upticks on a long-term basis. While it surged by about 7.8% in a week, it rose by nearly 7% over a month.
UNI and CRO Prices Also Decline
Uniswap price also weakened after the onchain transfers surfaced.
UNI fell roughly 1% over the last 24 hours and traded near $3.45. Trading volume dropped around 23% to roughly $201 million, reflecting weaker short-term momentum.
Despite the decline, UNI still held weekly and monthly gains of about 7.4% and 6.9%, respectively.
Meanwhile, Cronos recorded one of the sharpest reactions among the transferred assets.
CRO fell roughly 1.5% over the past day and traded near $0.0695 at publication. The token still posted a modest weekly gain of nearly 2%, although monthly performance remained negative.
Trading volume also weakened, falling roughly 14% to around $7.6 million.
The transferred amounts remain relatively small compared to the overall market capitalization of LINK, UNI, and CRO. Still, the movement reinforced trader sensitivity around government-controlled crypto wallets and possible liquidation risks.
