Onchain trackers flagged two large ether sell-offs within hours of each other on August 21, as a popular whale known as '7 Siblings' and a separate wallet dumped a combined $63 million in ETH and staked ETH.
Blockchain analytics platform Lookonchain reported that the whale entity known as 7 Siblings sold 14,000 ETH for $32.85 million at an average price of $2,346. The account has been tracked by onchain analysts since 2024 for a pattern of buying ETH during sharp downturns and later taking profit in large transfers.
At its peak, the entity’s holdings were estimated near 1.15 million ETH, worth roughly $2.8 billion, though the position has fluctuated considerably. In August 2025, the entity moved $47 million in ETH to a new wallet before selling most of it within minutes. Friday’s sale fits that same pattern of a swing trader taking profits based on the entity’s trading history.
Hours later, a separate wallet, 0xFD10, sold 11,252 stETH for $26.5 million and a further 1,824 ETH for $4.26 million, bringing combined proceeds to 30.78 million USDT. Staked ether (stETH) is a liquid staking token representing ETH deposited with Lido Finance, which can be traded while the underlying ETH remains staked. Unlike 7 Siblings, 0xFD10 has not been previously profiled in detail by onchain analytics platforms, and the motive behind its exit remains unclear.
Following the sales, ETH continued to trade near $2,350. The average sale price cited in both wallets’ transactions stood between $2,334 and $2,354 per coin.
Other large holders have cashed out during recent periods, including one wallet that sold 55,000 ETH and 9,442 wstETH for a combined $136 million in May, while another whale realized more than $19 million in losses on a single position earlier this month. Despite Friday’s sale, 7 Siblings remains one of the largest disclosed ETH-holding wallets.
