Elon Musk’s space exploration company, SpaceX, moved more than $133 million in Bitcoin on Friday, according to the blockchain analytics firm Arkham Intelligence.

The significant on-chain transfer is the latest in a series of recent moves from the company after a more than three-year period of wallet inactivity.

The transaction has sparked fresh speculation in the market, though it is not immediately clear why the funds were transferred or if the company has any intention of selling a portion of its substantial Bitcoin holdings.

A major on-chain transfer to unlabeled wallets

Arkham Intelligence reported that SpaceX transferred a total of 1,215 Bitcoin in two separate transactions to new wallets. “SpaceX just moved funds totalling $133.7 million,” the analytics firm posted. 

They transferred 300 BTC ($33M) and 915 BTC ($100.7M) to new wallets.

The move comes just days after the company shifted a similar amount of Bitcoin between addresses that it controls.

ARKHAM ALERT: SPACEX MOVING $130M $BTC

SPACEX JUST MOVED FUNDS TOTALLING $133.7M. THEY TRANSFERRED 300 BTC ($33M) AND 915 BTC ($100.7M) TO NEW WALLETS

THIS COMES 3 DAYS AFTER THEIR LAST MOVE OF 100 BTC pic.twitter.com/YplK8QAdvn

— Arkham (@arkham) October 24, 2025

Unlike those earlier transfers, Arkham noted that the new receiving wallets are not currently labeled as belonging to the Hawthorne, California-based firm.

A history of significant Bitcoin holdings

Prior to these recent transfers, SpaceX held 8,285 BTC, worth approximately $914 million at current prices, making it the fourth-largest privately held corporate holder of Bitcoin, according to data from BitcoinTreasuries.net.

The company’s on-chain history shows that its holdings were once much larger.

In 2022, addresses labeled as belonging to the aerospace firm held as much as 25,000 BTC, but that number dropped to its current level of 8,285 BTC in June of that year.

Following those moves, SpaceX did not register any further on-chain activity until earlier this year, when it began consolidating some of its Bitcoin holdings.

Tesla’s own Bitcoin connection

Another of Musk’s companies, the electric vehicle and robotics firm Tesla, also maintains a strong connection to Bitcoin.

The company currently holds 11,509 BTC, worth more than $1.27 billion, placing it just outside the top 10 publicly traded companies with Bitcoin treasuries.

Earlier this year, Tesla re-valued its Bitcoin holdings based on new accounting rules, a move that allowed it to book more than $600 million in quarterly profits as the price of BTC rose following the election of President Donald Trump.

As of Friday, the price of Bitcoin was down modestly on the day, trading at $110,541.

A representative for SpaceX did not immediately respond to a request for comment on the purpose of the transfers.

The post Why Elon Musk’s SpaceX transferred $133M in Bitcoin appeared first on CoinJournal.

Why Elon Musk’s SpaceX transferred $133M in Bitcoin

Source: https://coinjournal.net/news/why-elon-musks-spacex-transferred-133m-in-bitcoin/

In yet another example of Elon Musk’s uncanny ability to move markets with a single tweet, Vine Coin (VINE), a meme token on the Solana blockchain, saw its price more than double within hours on July 24, 2025.

The trigger was a brief but powerful message from Musk: “We’re bringing back Vine, but in AI form.”

We’re bringing back Vine, but in AI form

— Elon Musk (@elonmusk) July 24, 2025

That simple announcement catapulted VINE back into the spotlight and sent traders scrambling.

But as the hype begins to cool, serious questions are emerging. Can VINE maintain its bullish momentum, or was this just another fleeting rally powered by social media hype?

Musk’s Tweet lit the fuse, speculation fueled the flame

Notably, Musk’s post didn’t mention any cryptocurrency, yet it instantly sent VINE soaring.

The connection was speculative at best, but in the meme coin world, that’s often all it takes.

Within hours, the token’s market cap doubled, and trading volume surged past $240 million.

Social media exploded with mentions of #VineCoin, while Telegram groups and crypto X (formerly Twitter) fed the narrative that VINE could somehow be tied to a revived version of the Vine app.

However, it’s important to note that VINE has no official affiliation with Musk or X. The token was created in January 2025 by Rus Yusupov, one of Vine’s original co-founders.

Unlike other blockchain projects, VINE comes with no roadmap, no promise of future integration, and no token utility.

What it does have is nostalgia, narrative potential, and a fast-moving, speculation-driven community.

Vine price correction signals caution

At the peak of the Musk-driven frenzy, VINE hit $0.1765 before quickly retracing to around $0.1351 and later slightly recovering to $0.1402 by the time of writing.

While the rally was impressive, the failure to hold above the key resistance above $0.1765 signalled a lack of sustained buying pressure.

Technical indicators soon confirmed the shift.

The Chaikin Money Flow (CMF) dropped below zero, indicating fading inflows, while the Awesome Oscillator (AO) began flashing red, pointing to weakening bullish momentum.

Elevated trading volume during the pullback added another layer of concern. When volume remains high while prices fall, it often signals increasing selling pressure rather than a healthy consolidation.

Although some traders are still hopeful for a bounce, if support at $0.14 fails, the next downside targets could be $0.070 and even $0.051.

On the other hand, if bulls regain control, VINE could push toward its all-time high of $0.02358, registered in March this year.

However, without concrete steps toward utility or ecosystem development, meme coins like VINE often struggle to maintain gains.

While the excitement around a possible Vine AI relaunch gave traders a reason to speculate, it’s unclear whether that will translate into long-term value for the token itself.

What separates fleeting fads from sustained growth is the ability to convert attention into utility.

At this stage, VINE lacks the fundamentals to do that, and unless that changes, it remains at the mercy of online sentiment and celebrity influence.

The post Can VINE cryptocurrency sustain the Elon Musk initiated bull run? Here’s a closer look appeared first on CoinJournal.

Can VINE cryptocurrency sustain the Elon Musk initiated bull run? Here’s a closer look

Source: https://coinjournal.net/news/can-vine-cryptocurrency-sustain-the-elon-musk-initiated-bull-run-heres-a-closer-look/

Elon Musk, Tesla and SpaceX CEO, has said that early Bitcoin investor Roger Ver shouldn’t get a presidential pardon from Donald Trump.

Musk, who is to lead Trump’s DOGE agency to “dismantle government bureaucracy,” took to X to air his views.

“Roger Ver gave up his US citizenship. No pardon for Ver. Membership has its privileges,” he wrote.

Roger Ver gave up his US citizenship. No pardon for Ver. Membership has its privileges.

— Elon Musk (@elonmusk) January 26, 2025

On January 26, Ver posted a video message on X calling on Trump to help him avoid a prison sentence of up to 109 years. In his message, Ver wrote: “Mr. President, I am an American, and I need your help. Only you, with your commitment to justice, can save me @realDonaldTrump.”

Mr. President, I am an American, and I need your help. Only you, with your commitment to justice, can save me @realDonaldTrump pic.twitter.com/WhVTZ1M1GB

— Roger Ver (@rogerkver) January 26, 2025

Echoing Musk’s comments, Jameson Lopp, Casa’s CSO, responded on X, by saying: “You aren’t an American any more. Remember when you renounced your citizenship?”

Clashing with US authorities

Ver’s appeal comes as Trump pardoned Silk Road creator Ross Ulbricht last week after spending 12 years in prison.

In 2014, Ver renounced his US citizenship, becoming a citizen of St. Kitts and Nevis. In April 2024, Ver was arrested in Spain and charged with filing false tax returns and tax evasion.

According to a 2024 US Department of Justice statement, Ver is alleged to have failed to detail his Bitcoin ownership to the US Internal Revenue Service (IRS), causing the loss of at least $48 million.

Ver has stated that he’s been “terrorized by rogue US government agents who hate American freedom” for decades. On his website, Ver claims that the US government has pursued him on “baseless charges of mail fraud, tax evasion, and false filings – retaliation for his outspoken criticism.”

Bret Weinstein, an American author, said on X that “pardoning Roger is the strongest signal the President could send that Biden’s war on crypto is over.”

The post Elon Musk doesn’t think Roger Ver should get a presidential pardon appeared first on CoinJournal.

Elon Musk doesn’t think Roger Ver should get a presidential pardon

Source: https://coinjournal.net/news/elon-musk-doesnt-think-roger-ver-should-get-a-presidential-pardon/