On-chain data reveals that while whale '7 Siblings' shifted $47M in ETH on August 11, a smart money address later executed a strategic trade netting $5.2M profit.
Recent reports indicate that on July 9, a smart money address (0x972...c1776) exchanged 69.07 WBTC for 2881 ETH at $2601.14 per ETH, and liquidated 2857 ETH ten minutes before the report, earning a profit of $5.2M. This follows earlier activity where whale '7 Siblings' transferred $47M in ETH and began selling on August 11.