Whale "7 Siblings" Accumulates More Ethereum Amid Market Dip

In Brief:

The whale "7 Siblings" purchased 12,070 ETH for $28.75 million at an average price of $2,382.

Their total Ethereum holdings now stand at 1.15 million ETH, worth approximately $2.8 billion.

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On-chain data from Lookonchain shows that the crypto whale known as "7 Siblings" continues to expand its Ethereum holdings despite recent market turbulence. The entity acquired an additional 12,070 ETH, investing $28.75 million as the market experienced a downturn.

Currently, the whale's holdings across two wallets amount to 1.15 million ETH, worth approximately $2.8 billion at the time of reporting. The accumulation strategy suggests confidence in Ethereum’s long-term potential, especially as institutional interest in the asset grows.

Market analysts are closely watching whether such significant acquisitions could indicate an upcoming price recovery or a larger trend of institutional accumulation.

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