‘7 Siblings’ don Sell 19,957 ETH for $90.44M, Dem Still Hold 280,000 ETH
Crypto whale wey dem dey call ‘7 Siblings’ don sell 19,957 ETH kpatakpata turn am to USDC, dem make $90.44 million at average price wey be $4,532 per ETH. Dis group first collect 100,000 ETH for around $2,270 when market slump last year. After dis sale, ‘7 Siblings’ still get about 280,000 ETH, wey value dey around $1.3 billion. Dis koko profit-taking fit cause some short term sell pressure for Ethereum, e fit make price dey waka up and down. But the big amount of ETH wey dem still hold show say dem still believe say Ethereum money go increase for the long term.
Bearish
Sale of nɛli 20,000 ETH for USDC show say big holder dey take profit, e dey increase sell-side pressure on Ethereum and fit make short-term price dey waka up and down. Normally, when big whale dey sell plenty, e dey cause temporary dip for price as we don see for past institutional sales. But ‘7 Siblings’ still get 280,000 ETH, e mean say dem get strong belief say Ethereum go grow long-term. Traders suppose dey watch the market movements quickly but fit still dey calm because the whale still get plenty ETH wey dey support Ethereum fundamentals.