- Ethereum whale “7 Siblings” purchased another $14.5 million ETH.
- In the last 24 hours, the whale bought a total $126 million worth of Ether.
The crypto market witnessed a huge sell-off today as a cascade result of Trump’s new tariff system. While beginners are panic-selling, expert traders take this opportunity to increase their holdings. Market crashes always offer a great opportunity to buy assets at lower prices. A popular Ethereum whale named “7 Siblings” took this investment advice seriously and it is also implementing.
The second-largest cryptocurrency Ethereum price plunged by more than 20% today. It was already underperforming when the market was in green. The current market crash further added fuel to the fire and led Ether to fall below the $2,200 price level. While Ether recorded a 24-hour high of $3,096, the 24-hour low is $2,326.
Ethereum Whale 7 Siblings Purchased $126M ETH
After the market dropped, whale "7 Siblings" spent $111.72M to buy 45,047 $ETH at an average price of $2,480!https://t.co/ygfREDmCQA pic.twitter.com/xkOAvsB2jp
— Lookonchain (@lookonchain) February 3, 2025
As per popular on-chain tracking platform Lookonchain, an Ethereum whale named “7 Siblings” continued to purchase Ether amidst the present dip. When the market crashed, 7 Siblings spent around $112.72 million to buy over 45,047 ETH at an average price of $2,480. The amount of this trade shows how determined the whale is to buy Ether as soon as the price crashed.
After a few hours, another wallet that belongs to the same “7 Siblings” whale spent an additional $14.5 million to buy 5,382 Ether. Thus, the total Ethereum purchased by this whale in the last 24 hours totaled 50,429 Ether.
This is not the first time “7 Siblings” bought Ether during a market dip. It spent around $129 million buying 56,093 Ether when others were panic selling when prices crashed in August 2024. The whale started purchasing when the price was trading at $2,600 and continued till the price dropped to $2,191.
The determination of 7 Siblings sets an example to beginner investors and traders on how to act when the market crashes. While this strategy is best suitable for blue chip cryptocurrencies such as BTC and ETH, it may not be suitable for memecoins and other lo-cap cryptocurrencies.
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