Ethereum Whale ‘7 Siblings’ Sells $88M, Still Holds $5.6B in ETH
The post Ethereum Whale ‘7 Siblings’ Sells $88M, Still Holds $5.6B in ETH appeared on BitcoinEthereumNews.com.
The mysterious Ethereum whale collective known as “7 Siblings” has offloaded $88.2 million worth of Ether over the past 15 hours. Holding about 1.21 million Ether (ETH), valued at $5.6 billion, the group sold 19,461 ETH at an average price of $4,532, blockchain analytics platform Lookonchain revealed in a Wednesday post on X. Between Feb. 3 and April 7, the whale group acquired 103,543 ETH for $229.7 million at an average price of $2,219. The haul included a $42.2 million purchase of 24,817 ETH at $1,700 in early April, according to data accumulated by Lookonchain. Transaction records show the whale’s activity spans multiple wallets, suggesting a deliberate strategy to manage and obscure big holdings. The largest movements show ETH being deposited into Aave v3, which is a lending and borrowing platform. 7 Siblings dumps ETH. Source: Lookonchain Related: Ether futures open interest hits all-time high as ETH price tops $4.5K — Will it last? Short-term ETH holders drive profit-taking Ethereum is facing renewed profit-taking pressure, with short-term holders leading the charge as ETH trades at about $4,600. On Monday, Glassnode reported that these investors were realizing about $553 million in daily gains, far outpacing long-term holders, who remain relatively inactive. Despite being up 43% over the past month, ETH’s current profit-taking levels are still 39% below last month’s peak, when prices were near $3,500, Glassnode said. The Ethereum Foundation also sold 2,795 ETH worth about $12.7 million as prices hit yearly highs. The sales, executed in two transactions late Tuesday via a wallet linked to the foundation, reduced its holdings to just 99.9 ETH and 11.6 million DAI. Despite the profit-taking, some remain bullish. Over the weekend, BitMEX co-founder and Bitcoin billionaire Arthur Hayes said he had bought back into Ethereum just a week after selling $10.5 million when it was…
Filed under: News - @ August 13, 2025 10:27 pm