Ethereum whale group “7 Siblings” sold $88.2 million in ETH in just 15 hours, but bullish momentum remains strong as institutional inflows hit records.
Key Takeaways
- 1A whale collective sold 19,461 ETH worth $88.2 million within 15 hours, raising eyebrows during Ethereum’s price rally
- 2Ethereum Foundation sold 2,795 ETH valued at $12.7 million, sparking community debate over timing
- 3Spot ETH ETFs saw record inflows, including $1.01 billion in a single day and $523.9 million the next
- 4ETH price surged 9.5% in 24 hours and trades at $4,682.81, with bullish patterns suggesting potential upside to $6,000 and beyond
What Happened?
The crypto world watched closely as the “7 Siblings” Ethereum whale group dumped $88.2 million worth of ETH in a sharp 15-hour window. Despite holding a massive 1.21 million ETH valued at $5.6 billion, this marked their first significant liquidation in months.
Their exit coincided with a wave of profit-taking by short-term holders and sales by the Ethereum Foundation, adding to concerns about whether the rally could stall. Yet, technicals and institutional interest suggest that Ethereum’s momentum is far from over.
Whale Sales and Foundation Moves Raise Eyebrows
The “7 Siblings” whale collective, tracked by Lookonchain, sold 19,461 ETH at an average price of $4,532. These addresses span multiple wallets and show strategic usage of platforms like Aave v3, suggesting efforts to manage visibility and liquidity.
From February to April, the group had purchased 103,543 ETH for $229.7 million, including a major buy of 24,817 ETH at $1,700. This makes their recent sale a realization of over 100% gains on much of their holdings.
The mysterious group “7 Siblings” with 1.21M $ETH($5.6B) is selling $ETH!
,Lookonchain (@lookonchain) August 13, 2025
Over the past 15 hours, 7 Siblings has sold 19,461 $ETH($88.2M) at an average price of $4,532.
Earlier this year, they bought 103,543 $ETH($229.7M) at $2,219 between Feb 3–Apr 7.https://t.co/zbJlsNo6NA pic.twitter.com/ddvsXueVsH
At the same time, the Ethereum Foundation sold 2,795 ETH, worth $12.7 million, reducing its liquid ETH holdings to just 99.9 ETH, along with 11.6 million DAI. The sale drew both criticism and praise, with some calling it a smart top exit.
Institutional Demand Explodes
While some whales are cashing out, institutional investors are doubling down. Ethereum ETFs recorded $1.01 billion in single-day inflows on August 11 and another $523.9 million the following day.
- BitMine Immersion Technologies plans to raise $20 billion more to purchase ETH
- Corporate holdings of Ethereum surged 127% in July, now totaling 2.7 million ETH across 71 companies
- BitMine leads with 1.2 million ETH, followed by SharpLink Gaming and The Ether Machine
- BlackRock’s ETHA ETF took in $640 million, while Fidelity’s FETH pulled in $277 million
Ethereum’s Bullish Metrics Keep Rising
Despite whale and foundation sales, Ethereum’s fundamentals and market structure look strong:
- ETH is up 9.5% in 24 hours, trading at $4,682.81
- Gas fees dropped to $0.53, signaling high on-chain activity
- Global search interest for “Ethereum” is at its highest since 2021
- Ethereum’s daily transactions hit a record 1.875 million
- The number of addresses holding 10,000+ ETH reached 868,886
Technical Patterns Point to a Historic Breakout
Ethereum is now breaking out from an 8-year triangular consolidation pattern versus Bitcoin. The ETH/BTC ratio sits at 0.03917, and a strong breakout above $4,600 confirms the move.
Charts show ETH has completed its fifth parabolic cycle, and historical breakouts like this have led to multiples of 4x to 10x gains. If this holds, Ethereum could be headed for $10,000 to $15,000 in the longer term.
Short-term targets are $5,000 to $6,000, especially as market momentum stays strong and institutions keep piling in.
CoinLaw’s Takeaway
Honestly, I’m not sweating the whale sales. Yes, a $88 million dump sounds scary, but in the grand scheme of Ethereum’s growing institutional demand and strong technicals, it barely dents the momentum. The price still climbed nearly 10% in a day and the fundamentals are roaring. With record ETF inflows, corporate buying, and a confirmed breakout pattern, we could be looking at the early stages of something much bigger. I’m keeping my eyes on the $6,000 mark next, and maybe even higher if the rally sustains.
