Ethereum Whale ‘7 Siblings’ Sells $88M, Still Holds $5.6B in ETH

The mysterious ETHEREUM WHEL group, known as “7 brothers”, has unloaded $ 88.2 million of the ether over the past 15 hours.

It holds an estimated 1.21 million ether, at a value open On Wednesday’s publication on X.

Between February 3 and April 7, 7 siblings acquired 103,543 ETH for $ 229.7 million at an average price of $ 2,219. The distances included the purchase of $ 42.2 million at a value of 24,817 ETH at $ 1700 in early April, according to the data accumulated by Lookonchain.

The records of transactions show that the activity of the whale extends multiple portfolios, which indicates a deliberate strategy for managing and concealing large property. The largest movements appear to deposit ETH in AAVE V3, which is the lending and borrowing platform.

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The short -term ETH holders are making profits

ETHEREUM faces renewed pressure in the profit, as short -term holders lead these fees as ETH is trading about $ 4,600. On Monday, Glassnode reported that these investors are achieving about $ 553 million of daily gains, which surpasses long -term holders, who remain relatively inactive and are independent to levels that were last seen in December 2024.

Despite its 43 % increase during the past month, the current ETH profit levels are still 39 % less than the peak last month, when prices were approaching $ 3500, Glassnode said.

Ethereum Foundation as well Sold 2,795 ETH is approximately $ 12.7 million, with prices the highest annual levels. The sales, which were carried out in two transactions late on Tuesday, have reduced the corporate wallet, their shares to 99.9 ETH and 11.6 million Dai only.

However, despite the profit, some remain rising. During the weekend, the co -founder of Bitmex and billionaire Bitcoin Arthur Hayes said he bought again to Ethereum just one week after selling $ 10.5 million when he was trading at $ 3507.

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ETH can reach $ 8,600 if Bitcoin is $ 150,000

As I mentioned, Trader Crypto Trader Yashazedu believes that ETHER might climb more than $ 8,500 if Bitcoin reaches $ 150,000, indicating the historical bull market trends as the maximum ETH market reached 30-35 % of Bitcoin.

If ETH will match 35 % of the bitcoin value at $ 150,000, the price may reach $ 8,656. Even in a range less than 21.7-30 %, ETH can trade between $ 5,376 and $ 7,420. The projection comes at a time when the total value of Ethereum Locked (TVL) exceeds $ 90 billion and increases institutional interest.

It is worth noting that Spot Eter ETFS recorded $ 1.01 billion in net daily flows on Monday. The flow came when indulging techniques announced in a point form of plans to raise $ 20 billion to buy ETH.

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