10 hours ago, a group of addresses known on-chain as 7 Siblings spent $22 million to buy 10,792 $ETH at an average price of $2,038.
The group’s last few purchases have all landed on days when the market plunged, and they often made a second or third purchase afterward.
At the moment, $ETH is trading at $2,062, down 2.76% over 24 hours and about 1.2% above its average purchase price.
A single $22 million purchase doesn’t tell us much; it only shows that someone is willing to buy at this level. What’s really worth watching is whether the same group of addresses keeps buying over the next few days.
The group’s last few purchases have all landed on days when the market plunged, and they often made a second or third purchase afterward.
At the moment, $ETH is trading at $2,062, down 2.76% over 24 hours and about 1.2% above its average purchase price.
A single $22 million purchase doesn’t tell us much; it only shows that someone is willing to buy at this level. What’s really worth watching is whether the same group of addresses keeps buying over the next few days.
