Ethereum News Today: Ethereum Whale "7 Siblings" Sells $17.2M ETH Post $47M Wallet Shift

Generated by AI AgentCoin World
Monday, Aug 11, 2025 4:34 pm ET1min read
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Aime RobotAime Summary

- Ethereum whale group "7 Siblings" sold $17.2M ETH after transferring $47M to a new wallet on August 11, 2025, signaling strategic portfolio rebalancing.

- Another ICO-era whale sold 2,300 ETH ($9.9M) on the same day, reflecting gradual profit-taking after acquiring 20,000 ETH for $6,200 in 2024.

- Market data shows 97% of ETH holders in profit, with large transactions surging to $93.78B weekly, highlighting institutional-grade market dynamics.

- Whale activity indicates calculated capital reallocation rather than bearish sentiment, as Ethereum maintains low correlation with Bitcoin (0.02).

Ethereum markets experienced heightened activity as the well-known whale group “7 Siblings” executed a $17.2 million ETH sell-off following a $47 million transfer to a new wallet, according to on-chain data from Arkham [1]. This transaction occurred on August 11, 2025, and came as

Ethereum
traded at $4,297.90 with a daily gain of 1.72% [1]. The transfer before selling suggests a calculated portfolio rebalancing strategy, rather than panic-driven liquidation. The group has previously demonstrated strategic trading behavior, including the purchase of 50,429 ETH worth $126 million on February 3, and another major acquisition on August 6, 2024, during a market downturn [1].

Alongside the “7 Siblings,” another Ethereum whale from the ICO era also sold 2,300 ETH for $9.9 million on the same day [1]. The seller initially acquired 20,000 ETH for just $6,200, now valued at $86 million. This wallet has a history of smaller sell-offs in late 2023 and early 2024, indicating a gradual profit-taking approach [1].

Market data from IntoTheBlock revealed that 97% of ETH holders are in the green, with Ethereum maintaining a low correlation of 0.02 to

Bitcoin
[1]. This suggests that Ethereum is increasingly trading independently of Bitcoin’s price movements. Large holders currently control 55% of the total ETH supply, and large transactions have surged to $93.78 billion in the past week, with net inflows reaching $533.8 million [1]. These figures highlight a dynamic market environment influenced by institutional-grade investors.

The coordinated activity among Ethereum whale groups reflects ongoing portfolio management rather than a dramatic market shift. As crypto markets continue to mature, whale movements are closely watched for signals of broader sentiment. However, based on the available data, the transactions appear to be part of a strategic approach to capital reallocation rather than an indication of bearish sentiment [1].

Source: [1] Ethereum Whale “7 Siblings” Offloads Millions Amid Market Rally... (https://www.cryptotimes.io/2025/08/12/ethereum-whale-7-siblings-offloads-millions-amid-market-rally/)