‘7 Siblings’ Spend Over $72 Million to Acquire 30,959 ETH

‘7 Siblings’ Spend Over $72 Million to Acquire 30,959 ETH

Blockchain data shows whale ‘7 Siblings’ purchased nearly 31,000 ETH worth $72.21 million in two days, underscoring aggressive accumulation in the Ethereum market.

ETH
USDT

Fact Check
The statement is well-supported by the provided sources. Multiple sources, including Blockchain.news, MEXC, and KuCoin, confirm that the entity '7 Siblings' made a substantial purchase of approximately 12,800 ETH for around $31 million. This establishes the entity's identity and its significant buying activity during the specified market period.The key evidence supporting the full claim comes from the Bitget article, which is rated as highly relevant. It explicitly states that the '7 Siblings' entity, along with another wallet, collectively spent $57.44 million on Ethereum. This figure directly corroborates the "more than $57 million" part of the statement. The total ETH amount of 24,139 at a cost of ~$57.44M results in an average price of ~$2380 per ETH, which aligns with the market dip context described across the articles.The only ambiguity arises from the word "collectively" in the Bitget report, which could suggest that '7 Siblings' was not the sole purchaser. However, no source contradicts the total figures, and given that '7 Siblings' is a known whale *group* (implying multiple associated wallets), it is highly plausible that the full amount is attributable to the entity as a whole. The weight of the evidence confirms a massive accumulation event by this entity, with the specific financial figures from the statement being directly present in the source material.
    Reference
Summary

Onchain Lens reported that whale investor ‘7 Siblings’ spent 15 million USDT to purchase 6,820 Ethereum (ETH), bringing their two-day total to 30,959 ETH. The average purchase price was $2,332 per ETH, with a total expenditure of $72.21 million. This buying spree marks a sharp increase in holdings compared to earlier figures, reinforcing their aggressive acquisition strategy in the Ethereum market.

Terms & Concepts
  • Ethereum (ETH): A decentralized open-source blockchain with smart contract functionality, and the second-largest cryptocurrency by market capitalization.
  • USDT: A popular stablecoin pegged to the US dollar, widely used for trading and transactions in the cryptocurrency market.