Whale ‘7 Siblings’ Borrows $40M USDC to Acquire 1,326 ETH After Price Dip
Blockchain analyst Onchain Lens reveals that the mysterious entity 7Siblings borrows $20 million USDC to purchase 2,664 ETH at $3,754 each, with intentions for further accumulation.
ETH
USDC
Summary
On October 17, 2025, Onchain Lens reported that the whale or institution known as '7 Siblings' borrowed 20 million USDC and used 10 million USDC to acquire 2,664 ETH at $3,754 per coin. The entity still holds an additional 10 million USDC, indicating potential further accumulation of Ethereum.
Terms & Concepts
- USDC: A U.S. dollar-pegged stablecoin used for transactions and lending in the crypto market.
- ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.