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The Arkham blockchain tool detects small movements, but has a big impact that can last for months.
The United States government and the Mt. Gox, the defunct Japanese exchange, with huge transfers has traders watching closely.
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The US government is moving on the seized cryptocurrencies
Blockchain AI company Arkham announced that the US government recently transferred $23,000 worth of WIN tokens into the Tron network. These assets were seized from the Alameda Research Foundation about two years ago.
While the movement is small in terms of dollars, it indicates that the authorities are still effectively managing the popular seizures of cryptocurrency.
These transfers may be preceded by auctions, compliance procedures, or other administrative steps. As with big moves, small moves can also affect market sentiment toward associated symbols.
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Data on CoinGecko shows that the WINkLink token on the Tron network was trading at a value of $0.0000332 at the time of writing, down 0.4% in the last 24 hours.
Mt. Gox transfers $16.8 million in Bitcoin
Most attention is focused on Mt. Gox, which transferred 185 BTC, valued at about $16.8 million, per Kraken Exchange After a test transfer. Another $936 million in Bitcoin was transferred to another Mt. Gox, according to Arkham.
This follows the exchange’s last major transfer eight months ago, when $77.4 million in Bitcoin was sent to Kraken for creditor distributions.
On October 27, Mt Gox that Bitcoin payment will now be from October 31, 2026. This results in 34,689 BTC being held, roughly $4 billion, and temporarily removes a significant source of potential selling pressure.
Nobuaki Kobiyashi, rehabilitation trustee, said in the letter, citing the court’s approval of the one-year extension, that “it has become desirable to make the repayment of these creditors related to the rehabilitation as far as reasonably possible.”
Analysts say the delay allays concerns about Mt. Gox and provide clarity on the short term. By postponing the next big liquidity event for a year, investors gain stability and confidence in delaying selling pressure.
