Have profit-taking started in Ether: 88 million dollars in sales

With the increase in institutional company purchases, the rises in Ether are continuing aggressively, and there are also occasional large profit sales. According to information provided by the on-chain tracking firm Lookonchain, the mysterious whale "7 Siblings" started selling as of last night.

88.2 million dollars in sales in 16 hours

A whale holding 1.2 million ETH worth a total of 5.5 billion dollars sold 19,461 ETH at an average price of 4,532 dollars. This person or group was known for buying 103,000 ETH during the downturn periods brought on by the tariff crisis, particularly in February and April. The investor, who hit the bottom at the beginning of April, had purchased over 24,000 Ether at an average price of 1,700 dollars.

Experts indicate that the transactions are deliberately and intentionally made for profit selling due to the overlapping sales and the inclusion of multiple wallets.

According to Glassnode, still few...

The on-chain analysis platform Glassnode noted in its latest report that short-term investors have been taking profits and provided information that an average of 553 million dollars in sales has been made daily. The company's analysts stated that long-term Ether investors are still remaining silent and staying inactive.

In Glassnode's report, it was also noted that while the price of Ether is 43% higher than its level in July, the sales in August were 39% lower compared to the previous month.

In other words, the profit sales made at the price of 3500 dollars for Ether were much higher despite today's price being higher.

Published: August 13, 2025 11:58Last Updated: August 13, 2025 12:04