The crypto market experienced a significant sell-off today as a cascade result of Trump's new tariff system. While beginners panic-sell, experienced traders such as popular whale '7 Siblings' leverage the opportunity to acquire assets during the dip.
Crypto Market Amid New Trade Tariffs
Ethereum prices plunged by more than 20%. Ether fell below $2,200, with a 24-hour high of $3,096 and a low of $2,326.
Ethereum Purchase by Whale '7 Siblings'
According to the popular on-chain tracking platform Lookonchain, whale '7 Siblings' spent around $112.72 million to buy over 45,047 ETH at an average price of $2,480. Later, they acquired an additional 5,382 ETH for $14.5 million.
Purchase History of '7 Siblings' in Market Dips
'7 Siblings' is known for investing in Ethereum during market dips. In August 2024, the whale spent about $129 million buying 56,093 Ether amid panic selling.
The example of '7 Siblings' illustrates rational behavior during market downturns. This strategy is particularly relevant for high-cap cryptocurrencies such as BTC and ETH.
