Long-dormant ETH wallet and major BTC holders move funds before Fed meeting
Increased crypto activity ahead of the Fed meeting suggests market anticipation and potential volatility in response to interest rate decisions.
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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 Coinbase 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 #Coinbase after 10+ years of dormancy.
He invested only $263.5 in the ICO and received 850 $ETH — now worth $2.82M, a 10,684x return!https://t.co/ZMRSgtcj1R pic.twitter.com/OR24zkIpol
— Lookonchain (@lookonchain) December 10, 2025
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 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, Elon Musk’s SpaceX moved $95 million in Bitcoin to unknown addresses, though analysts believe the transfers were likely for custody purposes.