Ethereum Whale ‘7 Siblings’ and Foundation Sell Over 23,500 ETH Amid Price Surge

Highlights:

• “7 Siblings” sold nearly 20,000 ETH, still holding 280,000 ETH worth $1.3 billion.
• The Ethereum Foundation wallet also sold 4,095 ETH for $18.75 million, averaging $4,578 each.
• Despite large sales, the Ethereum price surged 8.36%, showing strong market resilience.

The Ethereum whale group known as the “7 Siblings” has sold a huge amount of Ether and made $88.2 million from this recent sale. Right now, the group still owns about 1.21 million ETH. This is worth nearly $5.6 billion. In this latest move, they sold 19,461 Ethereum for an average price of $4,532 each. The details were shared by blockchain tracking platform Lookonchain in a post on X on Wednesday.

Earlier this year, between February 3 and April 7, the “7 Siblings” were actively buying Ether. During this time, they bought 103,543 ETH for $229.7 million. The average price they paid was $2,219 for each coin. One of their biggest buys was in early April when they spent $42.2 million to purchase 24,817 Ethereum at $1,700 each, according to Lookonchain’s data. Transaction data shows that the whale group uses several wallets for their trades. This looks like a planned move to handle and hide their large holdings. The biggest transactions involve sending ETH to Aave v3, a platform used for lending and borrowing crypto.

The mysterious group "7 Siblings" with 1.21M $ETH($5.6B) is selling $ETH!

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

— Lookonchain (@lookonchain) August 13, 2025

Ethereum Foundation Makes Large ETH Sales

The 7 Siblings is not the only big seller in the market. Blockchain data shows that a wallet linked to the Ethereum Foundation sold 4,095.18 ETH for about $18.75 million in DAI, at an average price of $4,578 each. This came after several earlier sales, including 1,694.8 ETH worth $7.72 million just hours before. The same wallet also sold 1,100 ETH for $5.06 million at an average price of $4,602. In the first two hours alone, it sold more than 2,794 Ethereum worth $12.78 million.

A wallet (0xF39d) linked to the #EthereumFoundation sold 1,695 $ETH for 7.72M $DAI at $4,556 in the past 2 hours.

This wallet originally received 20,756 $ETH ($95.5M now) from the #EthereumFoundation wallet "EF 1" back in 2017.https://t.co/l0tVaX1Qeq pic.twitter.com/XrI8bbUpuQ

— Lookonchain (@lookonchain) August 13, 2025

Ethereum Rises as Investors and Institutions Buy More

Even with these large sales, the market barely reacted. Traders believe this shows Ethereum’s strong liquidity and the bigger role of long-term holders, unlike the sharp moves seen in past market cycles. Ethereum’s price has jumped 8.36% in the last 24 hours, building on a 28.17% gain over the past week. It recently moved past the $4,600 resistance level, showing strong bullish momentum.

Crypto analyst Yashasedu suggested that Ether might rise past $8,500 if Bitcoin reaches $150,000. He referred to past bull market patterns where ETH’s market cap reached around 30%–35% of Bitcoin’s. If ETH reaches 35% of Bitcoin’s market cap at that level, its price could reach $8,656. Even with a lower ratio of 21.7%–30%, Ether could trade between $5,376 and $7,420. This outlook comes as Ethereum’s total value locked surpasses $90 billion and institutional interest continues to grow.

In major bull runs, $ETH typically hits 30-35% of Bitcoin's mcap.

2017: ~35%
2021: ~36%

We're seeing similar setup now👇

> TVL on @ethereum crossed $90B after 2022
> Institutions buy billions of dollars worth of $ETH
> Billions of dollars of ETF inflow
> Stocks transitioning… pic.twitter.com/xuaCOAfw9P

— YashasEdu (@YashasEdu) August 10, 2025

US spot Ethereum Exchange-Traded Funds (ETFs) saw another $523.9 million in net inflows on Tuesday, following Monday’s record $1.02 billion. This shows that investor interest in Ethereum remains very strong. Institutional interest in Ethereum is rising. BitMine Immersion Technologies raised its stock sale goal to $24.5 billion, increasing Ethereum holdings. Ether Machine added 10,605 ETH, reaching 345,362 ETH, funded by a $97 million private placement. SharpLink Gaming plans to grow its Ethereum treasury past $2 billion using $200 million from a direct offering.