Massive ETH Sell-Off: 7 Siblings Auction Off Over 19K Tokens Amidst Market Surge

Ethereum’s price is approaching a new all-time high of $4,890, with a major Ethereum whale known as ‘7 Siblings’ making headlines for a significant sell-off. Lookonchain reports that the enigmatic entity has unloaded a staggering 19,461 ETH tokens, valued at around $88.2 million, over the past 15 hours, averaging a price of $4,532 per token. 7 Siblings’ move is noteworthy due to their significant holdings: they currently possess 1.2 million altcoins worth over $5.6 billion, demonstrating a well-established strategy within the crypto market.