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According to the latest monitoring by blockchain data analysis experts, a mysterious investment entity known as "7 Siblings" recently carried out large-scale cash-out operations involving Ether (ETH). This entity had made significant purchases of ETH during the market downturns in August last year and April this year, and now, with the price of Ethereum rising, it is beginning to gradually realize profits.
As of now, '7 Siblings' has sold 19,957 ETH in exchange for approximately 90.44 million USDC stablecoins. The average selling price of this batch of ETH was $4,532, which is quite profitable compared to its previous purchase price. It is worth noting that this transaction is only a small part of its large ETH holdings. It is estimated that the entity still holds about 280,000 ETH, which is valued at approximately $1.3 billion at current market prices.
Looking back at the investment journey of "7 Siblings", they demonstrated precise market insight. On August 5, 2022, when ETH price plummeted by over 15%, they aggressively bought 100,000 ETH at around $2,270. On April 7 this year, when ETH fell again by over 10%, they added another 25,000 ETH at around $1,700.
This series of operations demonstrates the long-term investment strategy of "7 Siblings" and their deep understanding of the cryptocurrency market. They decisively entered the market during times of panic and took profits at the right time when the bull market arrived, making them a model of cryptocurrency investment.
However, despite the fact that the "7 Siblings" have cashed out a considerable profit this time, they still retain the vast majority of their ETH holdings. This may suggest that they remain optimistic about the long-term prospects of Ethereum or are reserving ammunition for potential future market fluctuations.
For ordinary investors, the investment behavior of "7 Siblings" undoubtedly provides valuable insights. However, it should also be noted that the operations of large players are often based on their unique resources and information advantages, so ordinary investors should proceed with caution and manage risks effectively when referencing them.