US transfers $1.9M in seized Alameda altcoins to Coinbase Prime

The U.S. government has transferred approximately $1.9 million worth of altcoins linked to the seized assets of Alameda Research to a Coinbase Prime address. According to on-chain data, the transferred assets include RNDR, UNI, SAND, MASK, and AXS. These funds are reportedly from an Alameda-affiliated Binance account seized by the U.S. Department of Justice (DOJ) in 2023. While the market is monitoring for a potential sell-off, some observers suggest the transfer could be for routine asset management or a custody change, given the relatively small amount.