While the sharp declines in Bitcoin and altcoins caused investors to suffer major losses, some investors also turned the recent decline into an opportunity.
At this point, while Ethereum (ETH ($2,617.32)) experienced one of the biggest declines, whales who took advantage of this decline did not neglect to buy.
According to Lookonchain’s post, a whale that was successful in finding the bottom has made a purchase again.
Accordingly, the whale, which made purchases during the big decline in August 2024 and has over $1 billion worth of cryptocurrency in its portfolio, bought a large amount of ETH today.
A wallet called 7 Siblings purchased 50,429 ETH worth a total of $126 million today.
“A wallet called 7 Siblings purchased 5,382 ETH (worth $14.5 million).
7 Brothers purchased a total of 50,429 ETH ($126 million) today.
The last time 7 Siblings bought a large amount of ETH at the bottom was August 6, 2024, when the market crashed.”
Ethereum continues to trade at $2,570 at the time of writing.
Another wallet of “7 Siblings” bought 5,382 $ETH($14.5M).
7 Siblings bought a total of 50,429 $ETH($126M) today.
The last time 7 Siblings bought a large amount of $ETH at the bottom was on Aug 6, 2024, when the market crashed.https://t.co/BSIe7tIJUy pic.twitter.com/dC3ej4vSQA
— Lookonchain (@lookonchain) February 3, 2025
*This is not investment advice.
Continue Reading: What Did Whales Do During Bitcoin’s Sharp Drop? The Whale That Was Successful in Finding the Bottom Bought This Altcoin Again!
