"Mystery Buyer's $36M Ethereum Bet: Rebound or Manipulation?"
1min read Ethereum's recent large purchase has sparked speculation about a potential market rebound or strategic investor positioning. The mysterious entity, "7 Siblings," acquired 17,855.3 ETH for $36.68M in DAI, USDC, and USDT, averaging $2,054 per ETH. This significant investment indicated strong confidence in Ethereum's long-term value, with the entity reportedly holding over 1,169,015 ETH valued at $2.53B across two wallets.
Institutions typically accumulate assets during market dips, aiming for strategic entry points. The $2,054 price level aligned with recent lows, suggesting a calculated move. If additional institutions followed suit, ETH could rise beyond $2,500, attracting retail investors. However, large players also manipulate markets, triggering FOMO before selling at peaks. The $2.53B valuation indicated substantial influence, making a sell-off a risk that could push prices below $2,000.
ETH's active address data showed total addresses at 847.59K, with 160.89K new addresses, 587.72K active addresses, and 98.98K zero-balance addresses as of the 5th of March. Over the past seven days, new addresses declined 2.09%, active addresses dropped 2.13%, and zero-balance addresses increased 11.29%. The peak of 160.89K new addresses in early 2021 mirrored the recent 17,855.3 ETH purchase, suggesting fresh investor interest. The 587.72K active addresses indicated steady engagement, aligning with the $2.53B holdings from "7 Siblings." However, an 11.29% rise in zero-balance addresses signaled profit-taking or abandoned wallets, hinting at possible bearish sentiment.
Consequentially, ETH's funding volume chart from 2023 to March 2025 showed ETH price fluctuations and trading activity. The price peaked at $4,250 in late 2023, dropped to $2,194, then rebounded to $2,925 by March 