7 Siblings’ Whale Group Dumps Ether as Institutional Inflows

A mysterious Ethereum “whale” group known as the “7 Siblings” has recently sold off a significant amount of Ether (ETH) amid a period of record institutional inflows into Ethereum ETFs. This sell-off, while substantial in value, is being viewed by many analysts as a strategic profit-taking move rather than a sign of a bearish trend.

Here are the key details:

The Sell-Off: The “7 Siblings” sold 19,461 ETH, valued at approximately $88.2 million, within a 15-hour period. This was their first major liquidation since accumulating their holdings earlier in the year.

Their Holdings: Despite the sale, the group still holds a massive amount of ETH—around 1.21 million ETH, valued at approximately $5.6 billion.

The Context: The sale occurred as Ethereum’s price was trading near $4,600, just below its all-time high from November 2021. The “7 Siblings” had previously acquired a large portion of their ETH between February and April at an average price of around $2,219, meaning their recent sale locked in a

significant profit.
A mysterious Ethereum “whale” group known as the “7 Siblings” has recently sold off a significant amount of Ether (ETH) amid a period of record institutional inflows into Ethereum ETFs. This sell-off, while substantial in value, is being viewed by many analysts as a strategic profit-taking move rather than a sign of a bearish trend.

Here are the key details:

The Sell-Off: The “7 Siblings” sold 19,461 ETH, valued at approximately $88.2 million, within a 15-hour period. This was their first major liquidation since accumulating their holdings earlier in the year.

Their Holdings: Despite the sale, the group still holds a massive amount of ETH—around 1.21 million ETH, valued at approximately $5.6 billion.

The Context: The sale occurred as Ethereum’s price was trading near $4,600, just below its all-time high from November 2021. The “7 Siblings” had previously acquired a large portion of their ETH between February and April at an average price of around $2,219, meaning their recent sale locked in a significant profit.

Institutional Inflows: The sell-off is happening at the same time that institutional interest in Ethereum is soaring, particularly through newly launched spot Ethereum ETFs. On a single day, Ethereum ETFs saw a record $1.01 billion in net inflows, with a cumulative total of over $2.3 billion in just six days. This massive institutional demand is seen as a key factor supporting Ethereum’s recent price rally.

Market Interpretation: The contrasting activity—a whale group taking profits while institutional investors pour money into the asset—highlights a “tug-of-war” in the market. However, many analysts believe that the sheer volume of institutional capital entering the market is a stronger indicator of a long-term bullish trend. The staggered nature of the whale’s sales also suggests a deliberate, strategic move to not cause a major price crash

Institutional Inflows: The sell-off is happening at the same time that institutional interest in Ethereum is soaring, particularly through newly launched spot Ethereum ETFs. On a single day, Ethereum ETFs saw a record $1.01 billion in net inflows, with a cumulative total of over $2.3 billion in just six days. This massive institutional demand is seen as a key factor supporting Ethereum’s recent price rally.

Market Interpretation: The contrasting activity—a whale group taking profits while institutional investors pour money into the asset—highlights a “tug-of-war” in the market. However, many analysts believe that the sheer volume of institutional capital entering the market is a stronger indicator of a long-term bullish trend. The staggered nature of the whale’s sales also suggests a deliberate, strategic move to not cause a major price crash