Today, all eyes are on the Federal Reserve's 2025 interest rate decision for Bitcoin (BTC) and altcoins. While expectations are high for another 25 basis point cut in December, large investors have also become active.
According to Lookonchain, a cryptocurrency analytics platform, an ICO whale initially transferred a large amount of Ethereum (ETH).
Accordingly, an Ethereum ICO wallet (0x782F) containing 850 ETH ($2.82 million) transferred 1 ETH to Coinbase after remaining inactive for over 10 years.
This wallet, which invested only $263.5 in the ICO, purchased 850 ETH. These ETH are currently worth $2.82 million, meaning a 10,684x return.
Another whale has bet on Ethereum's rise. According to the data, the whale with address 0x76AB sold ETH in a spot position and then opened a long position in ETH.
The whale sold 1,654 ETH for 5.49 million USDC, invested it in Hyperliquid, and opened a long position of 11,543 ETH ($38.4 million) with 7x leverage. The liquidation price was $2,907.6.
According to Lookonchain data, institutions continue to accumulate Uniswap (UNI).
At this point, wallet 0xb5E4 has withdrawn 823,368 UNI ($4.72 million) from Binance and Bybit in the last 24 hours and currently holds 1.61 million UNI ($9.1 million).
Lastly, according to Arkham data, SpaceX transferred 1,021 BTC, worth approximately $95 million, to two undisclosed addresses today.
These transfers are likely being made to Coinbase Prime for custody purposes.
According to Arkham data, the latest BTC transfer was the second this month and the ninth this year. Arkham reports that approximately 8,910 BTC ($924 million) in Bitcoin transactions were processed through the institutional custody platform Coinbase Prime.
*This is not investment advice.
