🔥🔥The $2.2 Billion “7 Brothers” Whale Is Back: Will Ethereum Rise? 🔥🔥

One of the mysterious whales of the cryptocurrency sector took the opportunity to evaluate the decline in the markets and bought Ethereum (ETH) from the bottom.$ETH

According to data obtained by the on-chain analysis platform Spot On Chain, a person or institution known as “7 Brothers” bought 28,120 ETH ($66 million) during the period when prices fell.

The owner of this mysterious address is unknown and continues to arouse curiosity. There is a total of $2.2 billion worth of assets in 7 Brothers’ wallet.

Is He Waiting for ETH Prices to Rise?

According to Spot On Chain’s statement, this address spent 129.3 million USD Coin (USDC) to buy 56,093 ETH during the general decline in the cryptocurrency market on August 5. An average of $2,305 was paid per unit for this purchase.

7 Brothers spent an additional 66 million USDC to buy 28,120 ETH after the market decline this week, and an average of $2,350 was paid per unit for this purchase.

Cryptocurrency prices fell after Iran's ballistic missile attack on Israel. However, analysts predict that this decline will not be long-term and that cryptocurrencies will have a positive October as in previous years.

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