Mysterious Altcoin Whale's Reversal Signal: Bought 50,000 Ethereum From the Bottom! - Coin Bulletin

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The sharp decline in the crypto markets has scared some investors while prompting others to take action.

The giant whale named 7 Siblings bought 50,429 ETH spending 135 million dollars after the market shake-up. The whale collected Ethereum at an average price of $2,480, indicating a possible buy strategy at the bottom.

7 Siblings, which narrowly escaped a $600 million liquidation threat on the Maker platform in November 2022, may now indicate the investor's strong belief that the market will rise again.

7 Sibling initially made a purchase of 45,000. According to the latest update, they invested a total of $14.5 million by purchasing 5,382 Ethereum (ETH). Today, 7 Siblings have purchased a total of 50,429 Ethereum.

This group of investors had made a substantial purchase of Ethereum from the bottom when a major crash occurred in the market on August 6, 2024.

D-4.58%
ETH-3.07%
ALD-1.92%
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