Whenever ETH starts creeping upward, there’s a certain ghost story that comes back around. Not the loud traders. It’s Boss Yi… and that strange cluster people casually call the seven siblings. The ones who didn’t chase. They waited. Then bought when it felt uncomfortable.

Their trail goes back to late 2024. October-ish. On-chain buys, spaced out, no rush. Average price somewhere around $3,479 — not a bottom by any means, more like catching a falling knife and deciding not to flinch.
By the time they were done with that phase, they’d stacked 48,588 $ETH , about $169M worth. Even now, ETH would still need another $300+ move just for that batch to break even. So yeah… patience is baked in.
But that’s only the visible layer. The part everyone argues about in public threads.

Zoom out and things get blurry. This same entity is sitting on roughly 252,000 ETH on-chain, over $800M at today’s prices. And when Trend Research places them 5th among all institutions, ahead of the Ethereum Foundation itself, you realize trying to guess their “cost basis” is kind of pointless. This wasn’t one entry. It was years of quiet positioning, stitched together over time.

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