🐋$ETH
ETH Whale Makes Waves – Inside the $90M Ethereum Sell-Off 🐋
The mysterious Ethereum giant known as “7 Siblings” just shook the market with a $90.44M move — selling 19,957 ETH at an average price of $4,532 per coin and converting it all into USDC. On-chain sleuth @EmberCN was among the first to spot the action, sparking a frenzy of analysis among traders.
📜 The Whale’s Backstory
This isn’t their first big splash. During the August 5th market crash last year, “7 Siblings” scooped up 100,000 ETH at around $2,270 each. That bold play set them up for massive gains as Ethereum recovered.
Even after this latest sell-off, their bag remains huge — an estimated 280,000 ETH (worth roughly $1.3B). Clearly, this was profit-taking, not a full exit.
📊 Impact on the Market
A $90M sale might sound alarming, but Ethereum’s deep liquidity often absorbs such moves without major slippage — especially when executed OTC or split across multiple platforms.
However, psychology plays a big role:
Bearish View: Some see it as a warning sign that big money is cashing out.
Bullish View: Others see healthy profit-taking and portfolio rebalancing from a long-term holder.
Given the whale’s remaining holdings, the latter seems more likely.
🧠 Lessons for Investors
Follow the Chain: On-chain tracking tools reveal market moves before the headlines do.
Think Long-Term: Whales often have multi-year horizons — short-term dips don’t always mean trouble.
DYOR: Don’t blindly follow whale trades. Context matters.
💡 Bottom Line: “7 Siblings” just banked serious profits but kept a massive stake in ETH, signaling continued confidence in Ethereum’s future. For the rest of us? Watch the whales, but swim with a strategy.
