Long-dormant ETH wallet and major BTC holders move funds before Fed meeting

Source: CryptoBriefing Original Title: Long-dormant ETH wallet and major BTC holders move funds before Fed meeting Original Link:

Key Takeaways

  • Large holders made significant ETH and BTC trades ahead of the Fed’s interest rate decision.
  • SpaceX reportedly executed a large BTC transfer to custody services.

Market Activity Intensifies Before Fed Announcement

Large holders are stepping up on-chain activity as the Fed’s interest-rate announcement approaches.

According to Lookonchain, an early Ethereum ICO wallet holding 850 ETH, worth approximately $2.8 million, sent 1 ETH to a major compliance platform after ten years of dormancy.

The wallet acquired its original stash for just $263, meaning the investment has appreciated more than 10,000% with ETH now trading above $3,300.

An Ethereum ICO wallet (0x782F) with 850 ETH ($2.82M) just transferred 1 ETH to a major platform after 10+ years of dormancy. The investor contributed only $263.5 in the ICO and received 850 ETH — now worth $2.82M, a 10,684x return!

Another whale also flipped from spot selling to massive leveraged ETH longs after unloading 1,654 ETH for over $5 million, on-chain data shows.

Bitcoin Whale Activity

Bitcoin whales are also on the move. MARA Holdings, the world’s second-largest corporate Bitcoin holder, transferred about 275 BTC worth $25 million, with 175 BTC hitting FalconX, according to Arkham Intelligence.

Earlier today, SpaceX moved $95 million in Bitcoin to unknown addresses, though analysts believe the transfers were likely for custody purposes.

ETH-5.07%
BTC-2.41%
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StablecoinGuardianvip
· 3h ago
It's the same trick again... Big investors fleeing before the Federal Reserve meeting, how unconfident does that make them feel?
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TokenAlchemistvip
· 12-10 19:56
ngl the dormant wallet activation right before fed announcement smells like textbook front-running on macro volatility... whales always decode the inefficiency vectors before retail even realizes there's a play here
Reply0
potentially_notablevip
· 12-10 19:55
This wave of big players跑路 is a bit intense, everyone is betting on what the Fed will do.
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WalletWhisperervip
· 12-10 19:47
It's the big players causing trouble again. As soon as the Fed starts a meeting, they rush to transfer coins.
View OriginalReply0
RebaseVictimvip
· 12-10 19:36
The big players really can't hold it together anymore; they can't sit still before the Fed meeting.
View OriginalReply0
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