On-chain data reveals that the whale identified as '7 Siblings' made a significant move on February 6, acquiring 6,923.85 ETH within an hour, worth approximately $13.91 million at current prices.
Strategic Market Analysis
- The purchase was executed at an average price of $2,009.8, indicating sophisticated market timing
- Total holdings now exceed 318,508.07 ETH with an optimized cost basis
- Historical records show this entity has consistently bottom-fished during market capitulation phases
Significantly, these actions align closely with sentiment indicators. Ethereum's mempool congestion and active address metrics suggest potential accumulation patterns forming on-chain.