Ethereum Whale ‘7 Siblings’ Moves $47M Sparks Market Watch
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Key Highlights: Major Ethereum whale “7 Siblings’ moved tens of millions in ETH to a new wallet. A portion of the transferred ETH has already been liquidated in rapid transactions. Traders are on a lookout for signs that could impact short-term Ethereum market sentiment. The Ethereum market is seeing renewed volatility as the well-known whale wallet “7 Siblings” starts selling a large share of its ETH holdings. Blockchain data by Arkham Intelligence shows that the wallet has recently moved $47 million in ETH to a new address minutes ago and it has already sold $17.2 million worth of ETH. This move has raised concerns of a potential sell-off within the market. Arkham Intelligence highlights the Ethereum transactions Who Are the ‘7 Siblings’? The “7 Siblings” is one of the most well-known Ethereum whale wallets. According to blockchain data, the account has been active for years and it has had holdings which were worth billions in cryptocurrency once upon a time. The identity of the owner is not known but the activity suggests that whoever is behind this wallet is an experienced investor. The user has been using large-scale DeFi strategies, holds diversified assets and it has been observed that the account is using Ethereum-based protocols for transactions. Key Traits that are Linked to the Wallet include: Fund Activity: Likely manages large amounts of capital, possibility from early ETH investments or significant DeFi participation. OpenSea Transactions: The account has been seen to have had a heavy NFT trading. This shows advanced familiarity with the Ethereum ecosystem beyond tokens. Tornado-Cash Usage: The account has used privacy tools to mask transaction history, likely for confidentiality rather than any illegal use. High-Volume Transactions: The account has frequently moved millions of dollars’ worth of tokens and has interacted with multiple smart contracts. At its peak,…
Filed under: News - @ August 11, 2025 5:28 pm