"Whale Watch: 7 Siblings Buys $129M ETH Amidst Tariff Panic"

The cryptocurrency market, much like the uncharted seas, is home to entities known as "whales" - individuals or organizations that hold significant amounts of certain cryptocurrencies. These whales can influence the market with their buy-ins or sell-offs, triggering massive influxes or dearths of shares.

One such influential entity is 7 Siblings, which has recently made headlines for its strategic acquisition of Ethereum (ETH) tokens. According to data from Lookonchain, 7 Siblings quietly purchased around 56,000 ETH tokens, with a cumulative worth of approximately $129.3 million at the time of acquisition.

The entity began its accumulation spree when the price of ETH was around $2,600 and continued buying until the price dropped to $2,191, lasting for about 12 hours. This strategic purchase was seen as an opportunity by 7 Siblings, given the recent financial situation caused by Trump's new tariff plan, which led to panic liquidation among investors and oversaturation of crypto tokens in the market.

Experts have studied this massive acquisition, with Arkham Intelligence suggesting that 7 Siblings currently holds around $259.35 million worth of digital currencies like MKR and WNXM, making it one of the most noteworthy whales in the current market.

However, 7 Siblings was not the only whale to take advantage of the situation. Data from Lookonchain indicates that there were four other whales in the market, collectively purchasing around 144,071 ETHs valued at approximately $331.11 million. The second-largest purchase was made by an unlabelled address called 0x267e...f91e, which collected 44,653 ETH for around $101.97.

The scale of these whale activities has raised questions about how the market will react and whether there will be any major surges following this event. As the cryptocurrency market continues to evolve, the influence of whales like 7 Siblings will remain a significant factor in shaping its future.