Whale or institutional entity known as "7 Siblings" spent $22 million to acquire 10,792 ETH at an average price of $2,038 nine hours ago, following a recent 15% decline in Ethereum's price. The purchase aligns with the entity's established strategy of buying dips when ETH falls more than 10%.
This acquisition comes after "7 Siblings" sold 18,500 ETH at $2,356 in August, realizing a $10.49 million profit when ETH briefly surged 20%. The entity consistently executes its trading pattern by selling during rallies exceeding 10% and accumulating during drops of similar magnitude.
Whale "7 Siblings" Buys 10,800 ETH Worth $22 Million After 15% Dip
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