‘7 Siblings’ Borrow $40M USDC on Aave V3 to Acquire 10,861 ETH

The whale entity ‘7 Siblings’ purchased 18,053 ETH today, bringing its two-day total to nearly 38,000 ETH worth $133.49M USDC at an average price of $3,515 per ETH.

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Summary

The crypto whale ‘7 Siblings’ acquired 18,053 ETH today at an average price of $3,515, using $63.49M USDC. Combined with yesterday’s purchase of 19,918 ETH, the entity has bought 37,971 ETH in two days for a total of $133.49M USDC. This marks one of the whale’s largest Ethereum acquisition periods to date.

Terms & Concepts
  • USDC: A stablecoin pegged to the U.S. dollar, used for transferring value in the crypto ecosystem.
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.