Donald Trump Said He Wouldn’t Sell Bitcoin, But Bitcoin Transfers Were Made From US-Linked Wallets – What’s Going On?

The movement of approximately 33,737 BTC (approximately $3.11 million) from Silk Road-linked wallets on the evening of December 9th once again became a hot topic in the crypto community yesterday.

On-chain data shows that these assets were moved from addresses previously associated with the US government to the Coinbase Prime platform.

This image shows transfers from US-linked wallets.

Despite this, addresses linked to the same cluster still hold $6.1 million worth of Bitcoin. Analysts note that the question of “Why didn't they move it all?” remains unanswered for now. The source cluster holds assets across 372,787 addresses, with a historical transaction volume exceeding $405 million. The largest address in the cluster, 1MUJC, alone holds $1.59 million worth of BTC.

This isn't the first time these funds have been moved by the US government. Approximately 12 years ago, transfers of what appeared to be US-owned wallets occurred from some addresses in the same cluster. The latest transfer marks a new link in a long history dating back to 2012; the first transaction from the cluster was in June 2012, and the last one is dated December 9, 2025.

Currently, the remaining $6.1 million worth of BTC has not yet been moved. Chain analysts say they will be closely watching whether the US continues to consolidate Silk Road funds in the coming days.

*This is not investment advice.