Two ETH Whales Offload $63 Million as Selling Pressure Builds

Two large Ethereum holders sold a combined $63 million in ETH and staked ETH on August 21, adding near-term supply pressure to the market. Lookonchain said the whale entity known as “7 Siblings” sold 14,000 ETH for $32.85 million at an average price of $2,346, while another wallet, 0xFD10, sold 11,252 stETH and 1,824 ETH for 30.78 million USDT. ETH was trading around $2,350 after briefly rising to about $2,286.60 earlier in the session. The article frames the move as potential profit-taking rather than a full exit, but notes that continued whale distribution could weigh on price and put the $2,300 level—and potentially $2,000—back in focus.