- An Ethereum whale’s 67,570 ETH were liquidated for $106 million on Maker as ETH fell 10%, dropping from $1,800 to $1,500 in hours.
- Despite the downturn, whales like “7 Siblings” took advantage of the dip, purchasing 24,817 ETH, raising their holdings to $1.9 billion.
- While retail investors panicked, whales accumulated 130,000 ETH, signaling a strategic approach amid the volatility.
An Ethereum whale suffered a staggering $106 million liquidation on Maker over the weekend as ETH prices sharply corrected by over 10%, plunging from above $1,800 to around $1,500 in a matter of hours. The liquidation, which involved 67,570 ETH, was reported by on-chain analytics platform Lookonchain.
The sudden downturn caught many investors off guard and triggered widespread panic selling across the market. According to CoinGecko, Bitcoin fell below the $78,000 mark, breaking a key psychological support level. The dip was largely attributed to renewed macroeconomic concerns, including fresh trade tensions following aggressive tariff announcements from former President Trump an unexpected geopolitical move that rattled both traditional and crypto markets.
The ripple effect extended beyond Ethereum and Bitcoin, dragging down the broader crypto market. The total cryptocurrency market capitalization shrank by approximately 8%, falling to $2.6 trillion. Leading altcoins mirrored the downturn:
XRP plunged 10%, slipping below $1.90; BNB declined by 5%, now hovering around $562; and Solana, Dogecoin, and Cardano each shed about 11%. Even TRON, which was relatively more resilient, still dipped by 2%, underscoring the widespread nature of the correction.
As the selloff intensified, the ETH/BTC pair dropped to 0.021, hitting its lowest level since March 2020. The decoupling from Bitcoin performance raised concerns about Ethereum’s relative strength in a bear-driven market.
7 Siblings Whale Down 64M on Ethereum
On-chain activity reflected the stress among investors. In a separate instance, Lookonchain also reported another investor who panic-sold 14,014 ETH worth roughly $22 million in a single evening.
Lookonchain reported not all whales are retreating. Some are using the market dip as a buying opportunity. A prominent whale wallet known as “7 Siblings” made headlines after purchasing 24,817 ETH (valued at around $42 million) during the sell-off, increasing their total Ethereum holdings to over 1.2 million ETH a stash currently worth approximately $1.9 billion.
The wallet has been consistently accumulating ETH since early February, having spent around $230 million to purchase 103,543 ETH in that time. However, based on current market prices, their position is sitting at a paper loss of $64 million a testament to the high-stakes strategies whales employ in volatile conditions.
Whales Accumulate 130,000 Ethereum as Price Drops
Data from blockchain intelligence firm IntoTheBlock showed that whales collectively accumulated 130,000 ETH last Thursday alone, when ETH first dropped below $1,800 in reaction to the tariff news. This suggests that while retail investors may be spooked by short-term price action, larger players are positioning themselves for longer-term gains.
While the latest correction has rattled markets and liquidated even some of the largest players, it has also reinforced a fundamental truth of the crypto landscape: volatility cuts both ways. As fear grips the market, savvy investors especially whales often seize the moment to double down.
Whether this strategy pays off remains to be seen, but for now, Ethereum continues to ride the turbulence, navigating one of its sharpest drawdowns of 2025.
Related | Trump’s Tariffs May Boost Bitcoin and Crypto Markets
