According to CoinMeta, a blockchain analyst reported that a large whale/institution, "7 siblings", took advantage of the dip when the price of Ethereum (ETH) fell to the $2000 mark to buy ETH for approximately $22 million, at a transaction price of $2038 per unit. As the price of ETH continued to fall, they made another purchase six hours later, spending $18.877 million to acquire 9,766 units of ETH at a transaction price of $1,933 each. During this decline, they have spent a total of $40.88 million to buy 20,558 units of ETH, with an average price of $1,988 per unit.