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.
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.