An entity bought 56,093 ETH at an average price of $2,305 when Ethereum crashed

BlockBeats news, on August 6, according to Lookonchain monitoring, when the market panicked and sold off due to the collapse, the entity "7 Siblings" with $1.57 billion in assets quietly bought 56,093 ETH (129 million US dollars) at the bottom.

The entity started buying when the price fell to $2,600 and continued until the price fell to $2,191. It bought for a total of 12 hours, with an average purchase price of $2,305.