All eyes are currently focused on the Federal Reserve's anticipated 2025 interest rate decision, with significant implications for Bitcoin (BTC) and various altcoins. While market participants are anticipating another 25 basis point cut in December, large investors have also demonstrated increased activity in the crypto space.
Ethereum ICO Whale Emerges After Decade-Long Hiatus
According to cryptocurrency analytics platform Lookonchain, a notable Ethereum (ETH) ICO whale has made a significant move. An Ethereum ICO wallet, identified by the address 0x782F, which had remained inactive for over 10 years, transferred 1 ETH to Coinbase. This wallet, which initially acquired 850 ETH for an investment of only $263.5 during the ICO, now holds ETH valued at $2.82 million, representing a remarkable 10,684x return on the initial investment.
Another Whale Bets on Ethereum's Ascent
Data indicates that another significant whale has positioned itself for Ethereum's potential rise. This whale, with the address 0x76AB, reportedly sold ETH from a spot position before establishing a new long position. The whale liquidated 1,654 ETH, securing 5.49 million USDC. This capital was then invested in Hyperliquid, where a long position of 11,543 ETH, valued at $38.4 million, was opened with 7x leverage. The liquidation price for this position was noted at $2,907.6.
Institutions Continue to Accumulate Uniswap (UNI)
Institutional investors are reportedly continuing their accumulation of Uniswap (UNI), according to Lookonchain data. In the past 24 hours, wallet 0xb5E4 has withdrawn a substantial 823,368 UNI, equivalent to $4.72 million, from both Binance and Bybit. This wallet currently holds a total of 1.61 million UNI, valued at $9.1 million.
SpaceX Transfers Significant Bitcoin Holdings
Further demonstrating substantial movements in the cryptocurrency market, data from Arkham reveals that SpaceX transferred 1,021 BTC, approximately valued at $95 million, to two previously undisclosed addresses today. These transfers are widely believed to be directed towards Coinbase Prime for custody purposes. This marks the second such BTC transfer from SpaceX this month and the ninth this year. Arkham reports that an estimated 8,910 BTC, totaling $924 million, has been processed through the institutional custody platform, Coinbase Prime, in Bitcoin transactions.