US government doubles down on crypto transaction moves, pulling out $5.4 million in AAVE after 8 months
The US government has sparked a selloff scare for AAVE by initiating its first transaction of the token in eight months. According to insights from Arkham Intelligence, this transaction involves a total of $5.4 million.
Is the US government earning with AAVE?
Data indicates that these funds were originally secured from the Bitfinex hacker, as noted by Arkham Intelligence. However, the specifics of the transactions remain partly unclear since the funds were paid out in USDC.
Community comments suggest that the US government may have locked the funds on AAVE, potentially earning interest as a liquidity provider on the decentralized finance (DeFi) lending platform.
This is a developing story; please check back for updates!
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