7 Siblings Whale Sells $88M ETH as Institutional Inflows Rise
Ethereum whale group 7 Siblings sold 19,461 ETH ($88.2M) in 15 hours, adding to short-term profit-taking after a 52% rally. The Ethereum whale also noted that the Ethereum Foundation sold 2,795 ETH ($12.7M), trimming reserves to 99.9 ETH and 11.6 M DAI. Despite the sell-off, institutional inflows remain strong, with record $1.01 B spot ETH ETF investments and DeFi TVL surpassing $90 B. BitMEX co-founder Arthur Hayes repurchased ETH days after a $10.5 M sale. Analysts forecast ETH could exceed $8,500 if BTC reaches $150,000, supported by Standard Chartered’s raised 2025 target to $7,500, layer-1 scaling plans, and stablecoin growth. Long-term forecasts see ETH at $12,000 in 2026 and $25,000 by 2028. ETH trades near $4,690, just below its $4,891 all-time high.
Bullish
Despite the large Ethereum whale sell-off by 7 Siblings and the Ethereum Foundation, strong spot ETH ETF inflows, rising DeFi TVL, and institutional buying indicate bullish momentum. Short-term volatility may arise from profit-taking, but repurchases by figures like Arthur Hayes and revised price targets from Standard Chartered support a positive outlook. If BTC hits $150K, ETH could test $8,500+, with long-term forecasts up to $25,000 by 2028. These factors suggest a bullish market impact.