Whale Investor '7Siblings' Accumulates 2,210 ETH After Price Dip
Blockchain data shows '7Siblings' spent $133.49M USDC to buy nearly 38,000 ETH in two days, reflecting sustained large-scale accumulation during volatile market conditions.
ETH
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Summary
Address '7Siblings' purchased 37,971 ETH over two consecutive days using $133.49 million USDC, according to blockchain data. The latest buy involved 18,053 ETH acquired at an average price of $3,515 using $61 million USDC. The transactions underscore an ongoing strategy of high-volume Ethereum accumulation through large borrowings, repeating past patterns of aggressive purchasing during market dips.
Terms & Concepts
- Ethereum (ETH): A decentralized blockchain platform enabling smart contracts and decentralized applications.
- Whale Investor: A term for an individual or entity holding large amounts of cryptocurrency, capable of influencing market movements.
- USDC: A stablecoin pegged to the US dollar, commonly used for trading and transactions in the cryptocurrency market.