Entity "7Siblings" sold 19,957 ETH for 90.44 million USDC today
According to Jinse Finance, on-chain analyst Yujin has monitored that the entity "7Siblings," which made a significant purchase of 100,000 ETH at around $2,270 during the major drop on August 5 last year, has started selling ETH today. So far today, they have sold 19,957 ETH for 90.44 million USDC, with an average selling price of $4,532. They are estimated to still hold about 280,000 ETH (worth $1.3 billion). Previously, they bought ETH during two major dips: on August 5 last year, when ETH dropped over 15%, they bought 100,000 ETH at around $2,270; and on April 7 this year, when ETH dropped over 10%, they bought 25,000 ETH at around $1,700.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Chainlink spot ETF expected to launch this week, Grayscale plans to complete private trust conversion
CoinShares withdraws ETF applications for XRP, Solana, and Litecoin
Yearn yETH attacked, approximately $3 million worth of ETH flows into Tornado Cash
The on-chain holdings value of US spot Bitcoin ETFs has reached $150 billions.
