A wallet belonging to the United States government conducted a transaction transferring 86.56 ETH, valued at approximately $219,000 at the time, to Coinbase Prime.
The transfer followed a smaller test transaction of $10 value.
The move underscores the utilization of Coinbase Prime’s secure custody infrastructure for managing significant Ethereum assets held by government entities.
This activity highlights broader trends surrounding the secure storage and management of digital assets within the cryptocurrency sector.