Ethereum Whales Sell Off Million-Dollar Holdings Amid Market Rally

Ethereum markets experience renewed volatility as a prominent Ethereum whale group known as ‘7 Siblings’ sells off a significant portion of their holdings. According to on-chain data analyzed by Arkham, the group initiated a $17.2 million ETH sale following a massive $47 million transfer just minutes ago. This move comes amid a 1.72% daily gain for Ethereum at $4,297.90. While the recent sales mark a change in their strategy, it’s being framed as part of a well-timed portfolio adjustment.