The '7 Siblings' group previously purchased 100,000 ETH during last year's price drop and currently owns approximately 280,000 ETH worth 1.3 billion USD.
In August 2023, this group sold nearly 20,000 ETH at an average price double that of the purchase price, demonstrating an effective investment strategy in the volatile cryptocurrency market.
MAIN CONTENT
The '7 Siblings' purchased 100,000 ETH during the price drop at around 2,270 USD/ETH.
They have sold nearly 20,000 ETH at an average price of 4,532 USD/ETH, earning over 90 million USDC.
Currently holding approximately 280,000 ETH, equivalent to 1.3 billion USD at market price.
How did the '7 Siblings' buy ETH during last year's price drop?
According to data from Ember on August 13, 2023, the '7 Siblings' purchased a total of 100,000 ETH when the price of Ethereum fell to around 2,270 USD/ETH during the market downturn.
Buying a large amount of ETH during a market downturn demonstrates an investment strategy based on long-term outlook and technical as well as fundamental analysis of Ethereum's potential.
How much ETH has the '7 Siblings' group sold and how much profit have they made?
As of now, the group has sold a total of 19,957 ETH at an average price of 4,532 USD/ETH, generating 90.44 million USDC. This selling price is nearly double the initial purchase price.
The selling activity in the context of rising ETH prices shows the group's ability to manage risks and seize opportunities in a highly volatile market.
"Buying during a market downturn and selling when prices rise is a typical strategy that helps large investors maintain stable profit advantages."
Financial analyst Nguyen Minh Tuan, 2023
What is the current value of the '7 Siblings' group's ETH assets?
The group currently holds approximately 280,000 ETH, estimated to be worth about 1.3 billion USD at the current market price.
The volume of ETH held reflects the group's significant position in the market, while also indicating a long-term asset accumulation strategy and the ability to influence liquidity in the ETH market.
Frequently Asked Questions
What kind of investment group is '7 Siblings' in the ETH market?
They are a group of investors who buy large amounts when ETH prices drop significantly and hold assets long-term, leveraging volatility to effectively take profits.
How much profit did the group make from selling 19,957 ETH?
The group sold at an average price of 4,532 USD/ETH, nearly double the purchase price of about 2,270 USD/ETH.
How much ETH does the group currently hold?
Approximately 280,000 ETH, worth about 1.3 billion USD at today's market price.
Is the group's purchase price of ETH in line with market trends?
Buying ETH at low prices during the 2022 downturn shows the strategy of timing purchases correctly for long-term gains.
Is the selling price of ETH high or low compared to the market price?
The average selling price of 4,532 USD/ETH is high compared to the purchase price, aligning with the current recovery trend in the cryptocurrency market.
Source: https://tintucbitcoin.com/7-anh-em-ban-20-000-eth-thu-90-trieu-usd/
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