Ethereum Whale Acquires $66M In ETH Despite 10% Slide In 7 Days: What Is Going On?
Posted On October 3, 2024
Ethereum’s (CRYPTO: ETH) price drop woke up a formerly active whale wallet, which bought a significant sum despite the asset’s poor recent performance.
What Happened: On-chain analytics platform Spot On Chain revealed that the elusive “7 Siblings” wallet made a significant purchase of Ethereum during the recent market dip. The whale, known for their substantial assets of $2.2 billion, reportedly bought 28,120 ETH, equivalent to $66 million.
This isn’t the first time the entity has capitalized on a market dip. On Aug. 5, during a market crash (from $2,686 to $2,336 in three …
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