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

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.