cryptopolitan.com
A crypto whale collective known as “7 Siblings” has emerged once again during a crypto market slump that has dragged Bitcoin down below $105,000 for the first time in over two weeks.
According to blockchain data from analytics firm OnchainLens, the entity recently borrowed $40 million in $USDC through the decentralized lending platform Aave V3 and used one of its connected wallets to purchase 10,861 $ETH at an average price of $3,683.
A mysterious entity known as "7 Siblings" has taken advantage of market conditions.
They borrowed $40M $USDC from #Aave V3 and purchased 10,861 $ETH at a price of $3,683 using one of their wallets.
Additionally, they borrowed $20M in $USDC with another wallet, but further… pic.twitter.com/4ixE8qsvcV
— Onchain Lens (@OnchainLens) November 3, 2025
In a separate transaction, the wallets reportedly borrowed an additional $20 million in $USDC, though there has been no movement since. The purchase is against the backdrop of a bloodbath in the crypto market this week, which has seen Ether’s price slide below $3,500.
7 Siblings wallets continue ‘buying the dip’ history
Crypto tracking companies have been keeping an eye on the seven wallets linked to the fake identity 7 Siblings.
According to data from Irys_XYZ chain records, the group has a history of large and strategic Ethereum purchases made during periods of heavy market sell-offs. Their most recent accumulation marks a return to active positioning after a brief pause following a profitable sell-off in August.
Market trackers placed the 7 Siblings group under their radar in 2024 for the first time, when it began accumulating vast amounts of $ETH during downturns. Blockchain records from Etherscan of the group’s wallets show that the entity bought 56,093 $ETH in August last year, at an average price of $2,305 per token.
The buying spree continued earlier this year, when the siblings scooped up 50,429 $ETH on February 3 at $2,480, 12,070 $ETH on February 25 at $2,382, and another 17,855 $ETH on March 5 at $2,054.
They continued adding to their holdings through early April, acquiring 24,817 $ETH at an even lower average of $1,700, one of their most profitable entries to date.
After months of steady accumulation, the 7 Siblings decided to sell 19,461 $ETH for roughly $88.2 million at an average price of $4,532 in August. The sale came almost exactly at the local market peak, when Ethereum had just hit one of its highest levels of the year, briefly breaking through $4,500 before pulling back in the following weeks.
The entity took a step back to purportedly assess the market correction, and returned to buying activity on October 11, where they purchased 1,326 $ETH at $3,771, followed by 2,664 $ETH at $3,754 just a week later.
According to Nansen.AI data as of Tuesday morning, the group has accumulated at least 15,092 $ETH at an average cost of $3,654, once again buying into a market decline. Their strategy is supposedly borrowing $USDC, converting it into $ETH, and waiting for upside when prices rebound.
Market fear aids whale confidence in accumulation
Away from the 7 Siblings’ latest accumulation spree, there is a period of uncertainty for Ethereum, as there is for the broader crypto market. $ETH had dropped 5% intraday to trade at $3,499 during the early Asian Tuesday trading sessions.
The asset has struggled to maintain momentum above the $3,600 threshold, weighed down by the crypto market’s pullback and lingering concerns about macroeconomic conditions.
Ethereum’s sentiment Fear & Greed Index currently sits at 28, entrenched deep in the “Fear” zone, where investors seem hesitant to buy more coins. The market expects a tighter monetary policy from the US Federal Reserve since Chair Jerome Powell said a rate cut in December is not guaranteed, Cryptopolitan reported.
Over the past 24 hours, Ether’s global trading volume has surpassed $20 billion, indicating that market participation from both ends remains very much in play. Most of the current volume comes from sellers taking profits or cutting losses, a factor that has contributed to price weakness but also provided liquidity for large buyers like 7 Siblings to reenter.