Ethereum News Today: Ethereum Whale 7 Siblings Sells $88M in 15 Hours Sparks Profit-Taking Concerns

A major Ethereum whale group known as “7 Siblings” has executed a significant ETH sell-off in a short span of time, raising concerns about market sentiment and short-term profit-taking. Over the course of 15 hours, the group sold 19,461 ETH, totaling approximately $88.2 million at an average price of $4,532 per coin. According to blockchain analytics from Lookonchain, this whale group holds around 1.21 million ETH, which is currently valued at $5.6 billion [1]. The rapid liquidation marks one of the largest single ETH sell-offs in recent memory.

The 7 Siblings group has been a consistent presence in the Ethereum market, having accumulated 103,543 ETH between February 3 and April 7, 2025, for a total of $229.7 million at an average cost of $2,219 per coin. This included a $42.2 million purchase in early April at $1,700 per ETH [1]. The whale appears to be managing its positions through multiple wallets, with some of the largest ETH movements observed in Aave v3, a popular decentralized lending and borrowing protocol.

This latest sell-off has coincided with broader profit-taking activity among short-term ETH holders, who are increasingly locking in gains as the price hovers near $4,600. According to Glassnode, short-term investors have realized approximately $553 million in daily gains, significantly outpacing the activity of long-term holders [1]. While Ethereum has risen 43% over the past month, current profit-taking levels are still 39% below the peak observed last month when prices were around $3,500.

The trend of profit-taking has also been mirrored by institutional actors. The Ethereum Foundation itself recently sold 2,795 ETH worth about $12.7 million via a wallet linked to the organization, reducing its holdings to just 99.9 ETH and 11.6 million DAI [1]. Meanwhile, some high-profile market participants remain optimistic. Arthur Hayes, co-founder of BitMEX, has recently re-entered the Ethereum market following a $10.5 million sale at $3,507.

Looking ahead, some analysts have drawn parallels between Bitcoin and Ethereum price movements. Crypto trader Yashasedu suggested that if Bitcoin reaches $150,000, Ethereum could climb to $8,656, assuming it captures 35% of Bitcoin’s market cap [1]. Others noted that Ethereum’s total value locked (TVL) has recently exceeded $90 billion, signaling increased institutional interest and potential for further growth.

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[1] Whale holding $5.6B in ETH is selling, dumps $88M in 15 hours (https://cointelegraph.com/news/eth-whale-7-siblings-dumps-88m-holds-5-6b-total)