“7 Siblings” Whale Resumes ETH Accumulation as Ethereum Price Crashes
- 7 Siblings whale purchased over $42 million worth of Ethereum in the last 12 hours.
- Whales are leveraging the market dip and accumulating Ethereum in unprecedented ways.
Global macroeconomic conditions and trade wars among countries are causing crypto market turmoil. While Bitcoin has fallen below the $80K price level, the Ether price is trading in the $1.5K price range. Meanwhile, Ethereum whales are taking the present market dip as an opportunity to accumulate more ETH.
On-chain analyst tracking platforms are reporting Ethereum whale activity for the past few hours. Popular Ethereum whale “7 Siblings” purchased more than 24K ETH tokens worth over $42 million at an average price of $1,700. Lookonchain reported that the whale bought 103,543 ETH tokens, spending $229.7 million in the last couple of months.
Another renowned on-chain transaction tracker, Spot On Chain, has also reported its findings on Ethereum whale activity. ETH whale “0x5f1” bought 4,984 ETH at an average price of $1,631.
As the Ethereum price crashed to the $1,500 price level, more ETH whales joined the Ethereum buying spree. Another ETH whale, “0x709,” borrowed 8.25M DAI tokens to purchase more than 5,200 ETH at an average price of $1,578 and received 6,924 ETH from Railgun.
ETH Whale “7 Siblings” Holds Over $1.2M Ethereum
7 Siblings whale holds more than 1.21 million ETH worth $1.93 billion in 2 wallet addresses. The whale is at a loss of $64 million at the current market price of ETH, as per Lookonchain.
Its commitment to keep on purchasing Ethereum tokens irrespective of its market price is what made “7 Siblings” popular in the crypto market. This is not the first time the whale has bought a large volume of ETH at a low price. When the ETH market price plunged 20% on Feb 3, 2025, 7 Siblings bought $14.5 million ETH.
The whale’s ETH accumulation strategy first came to the surface when it purchased $66 million ETH in October, as reported by Spot On Chain. There are also multiple other instances where 7 Siblings grabbed ETH as soon as its price started to plunge.
Market crashes are an opportunity to make the most of your investments. When the market price plunges, investors can get cryptocurrencies at a discount and benefit when prices start to soar again. However, this strategy may not work for low-cap and unpopular cryptocurrencies.
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“7 Siblings” Whale Resumes ETH Accumulation as Ethereum Price Crashes
- 7 Siblings whale purchased over $42 million worth of Ethereum in the last 12 hours.
- Whales are leveraging the market dip and accumulating Ethereum in unprecedented ways.
Global macroeconomic conditions and trade wars among countries are causing crypto market turmoil. While Bitcoin has fallen below the $80K price level, the Ether price is trading in the $1.5K price range. Meanwhile, Ethereum whales are taking the present market dip as an opportunity to accumulate more ETH.
On-chain analyst tracking platforms are reporting Ethereum whale activity for the past few hours. Popular Ethereum whale “7 Siblings” purchased more than 24K ETH tokens worth over $42 million at an average price of $1,700. Lookonchain reported that the whale bought 103,543 ETH tokens, spending $229.7 million in the last couple of months.
Another renowned on-chain transaction tracker, Spot On Chain, has also reported its findings on Ethereum whale activity. ETH whale “0x5f1” bought 4,984 ETH at an average price of $1,631.
As the Ethereum price crashed to the $1,500 price level, more ETH whales joined the Ethereum buying spree. Another ETH whale, “0x709,” borrowed 8.25M DAI tokens to purchase more than 5,200 ETH at an average price of $1,578 and received 6,924 ETH from Railgun.
ETH Whale “7 Siblings” Holds Over $1.2M Ethereum
7 Siblings whale holds more than 1.21 million ETH worth $1.93 billion in 2 wallet addresses. The whale is at a loss of $64 million at the current market price of ETH, as per Lookonchain.
Its commitment to keep on purchasing Ethereum tokens irrespective of its market price is what made “7 Siblings” popular in the crypto market. This is not the first time the whale has bought a large volume of ETH at a low price. When the ETH market price plunged 20% on Feb 3, 2025, 7 Siblings bought $14.5 million ETH.
The whale’s ETH accumulation strategy first came to the surface when it purchased $66 million ETH in October, as reported by Spot On Chain. There are also multiple other instances where 7 Siblings grabbed ETH as soon as its price started to plunge.
Market crashes are an opportunity to make the most of your investments. When the market price plunges, investors can get cryptocurrencies at a discount and benefit when prices start to soar again. However, this strategy may not work for low-cap and unpopular cryptocurrencies.
Highlighted Crypto News Today:
Read More