Whale 7 Siblings Acquire 4,993 ETH for $10.36 Million, Boosting Total Holdings to Over 1.15 Million ETH

According to data from lookonchain, on March 4th, Whale 7 Siblings made a significant acquisition of 4,993 ETH, with an average purchase price of $2,075, totaling an investment of $10.36 million. This strategic move underscores the increasing activities of large investors in the Ethereum market. Currently, this entity holds an impressive 1,157,000 ETH across two separate wallets, with a combined value estimated at $2.4 billion. Such substantial holdings indicate a bullish sentiment within this sector, as whales often influence market trends. This transaction highlights the importance of monitoring whale activities for analysts and traders keen on understanding market dynamics and potential price movements in the cryptocurrency space.