Warning: 7 Siblings are taking profits as $ETH reaches $4,600
The following wallet address of 7 Siblings is taking profits on $ETH. Nearly 3 hours ago, this wallet withdrew 20K $WETH ~ $93.3M from AAVE. 15 minutes ago, this wallet started swapping $ETH for $USDC, and this action is still ongoing.
This is not the first profit-taking move when the price of $ETH reached $4,600. About 12 hours ago, this wallet also took profits on $ETH. In just one hour, this wallet withdrew 5,900 $WETH ~$27M and swapped all of it for $USDC. A portion of the $USDC was then used to buy $DAI, repaying the loan on #AAVE. Currently, the entire loan has been repaid.
Currently, 7 Siblings hold over $700M in $ETH. If this wallet takes profits on nearly $93.3M in $ETH, it would mean that 15% of the portfolio has been liquidated.
The profit-taking as $ETH approaches the old #ATH marks the big players starting to take profits on $ETH as the price begins to hit targets. However, with the amount of profit-taking being relatively small, it shows that this group still has high growth expectations for $ETH.
Link to my wallet is in the 52Hz Database:
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