Ethereum News Today: Ethereum Whale "7 Siblings" Sells 19,957 ETH for $90.44 Million

A major Ethereum whale known as “7 Siblings” has recently sold a substantial amount of Ethereum—19,957 ETH—amounting to $90.44 million in USDC, at an average price of $4,532 per ETH [1]. This large-scale transaction has drawn significant attention from traders and on-chain analysts, who are closely monitoring the impact of such movements in the broader market. The whale’s actions highlight the influence that large holders can exert on Ethereum’s price and market sentiment.

This is not the first time “7 Siblings” has made waves in the Ethereum market. The whale entered the market in August 2023 during a significant price decline, purchasing 100,000 ETH at around $2,270 per coin [1]. The timing of this purchase allowed the entity to capitalize on Ethereum’s subsequent price recovery, securing a large position in the digital asset. Despite the recent sale, the whale is estimated to still hold approximately 280,000 ETH, valued at around $1.3 billion, indicating a long-term strategic approach to Ethereum investment [1].

On-chain analyst @EmberCN on X was among the first to highlight the transaction, providing transparency into the whale’s activities and offering insights into how large-scale movements affect market dynamics [1]. Analysts note that large ETH sales can influence short-term sentiment, particularly among smaller investors who may interpret such moves as bearish signals. However, the broader market’s absorption capacity—given Ethereum’s high daily trading volume—often limits the direct price impact of such transactions, especially when executed over-the-counter or through decentralized exchanges [1].

The whale’s decision to sell appears to be part of a strategic rebalancing rather than a full exit, as it continues to hold a significant amount of Ethereum. This aligns with a more mature approach to crypto investing, where profit-taking is seen as a normal part of market behavior. Nonetheless, the psychological effect of such large sales should not be underestimated, as they can influence market perception and investor behavior in the short term [1].

For individual investors, the event underscores the importance of tracking on-chain activity and understanding the behavior of large market participants. While whale movements do not always dictate price trends, they offer valuable insights into market sentiment and capital flows. Investors are advised to conduct their own research, maintain a diversified portfolio, and focus on long-term strategies rather than reacting to short-term market noise [1].

Overall, the “7 Siblings” Ethereum whale’s recent sale reflects a calculated move in a rapidly evolving market. The transaction demonstrates how large investors manage risk and profit while maintaining a long-term stake in the asset. As the crypto market continues to mature, such on-chain movements will remain a critical area of focus for both retail and institutional investors seeking to navigate the complexities of digital asset markets [1].

Source:

[1] [ETH Whale Sells: Unpacking the Massive $90 Million Ethereum Sale](https://coinmarketcap.com/community/articles/689c23fa6529dc757c160ec8/)