Important points
- Large holders traded large amounts of ETH and BTC ahead of the Fed’s interest rate decision.
- SpaceX reportedly executed a large-scale BTC transfer to Coinbase Prime Custody.
Large holders are ramping up on-chain activity as the Fed’s interest rate announcement approaches.
According to Lookonchain, an initial Ethereum ICO wallet holding 850 ETH (worth about $2.8 million) transferred 1 ETH to Coinbase after a 10-year hiatus.
Since this wallet acquired its original stash for just $263, its investment has appreciated over 10,000%, with ETH currently trading above $3,300.
Ethereum ICO wallet (0x782F) with 850 $ETH($282M) transferred 1 $ETH to #Coinbase after being dormant for over 10 years.
He invested just $263.5 in the ICO and received $850 ETH. Currently worth $2.82 million, a 10,684x return! https://t.co/ZMRSgtcj1R pic.twitter.com/OR24zkIpol
— Lookonchain (@lookonchain) December 10, 2025
Another whale also turned from spot selling to massively leveraged ETH long after unloading 1,654 ETH for over $5 million, according to on-chain data.
Bitcoin whales are also on the move. According to Arkham Intelligence, MARA Holdings, the world’s second-largest corporate Bitcoin holder, transferred approximately 275 BTC worth $25 million, of which 175 BTC reached FalconX.
Earlier today, Elon Musk’s SpaceX transferred $95 million in Bitcoin to an unknown address, which analysts believe was likely for storage purposes.
