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'7 Siblings' Buys 10,792 Ether (ETH) After 15% Drop

The purchase was priced at $2,038 per ETH. In August, the entity sold 18,500 ETH at $2,356 after a short-term 20% rise, earning a $10.49 million profit.

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A silver token rests at the foot of a steep stone ramp / TokenPost.ai (mono)
A silver token rests at the foot of a steep stone ramp / TokenPost.ai (mono)

The entity known as “7 Siblings” bought 10,792 Ether (ETH) for about $22 million after the token fell 15%, following an August sale.

The recent purchase was made at $2,038 per ETH. In August, the entity sold 18,500 ETH at $2,356 after a short-term 20% rise, with a $10.49 million profit.

The entity’s trading pattern has been to buy after short-term Ether declines of more than 10% and sell after short-term gains above 10%.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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