Mysterious '7 Siblings' Invests Heavily in Ethereum During Market Dips
10/3/2024 9:59:57 AM
According to Spot On Chain, the enigmatic entity known as '7 Siblings', which holds assets worth $2.2 billion, has made significant investments in Ethereum, purchasing 28,120 ETH valued at $66 million during a recent market dip. Previously, during the August 5 market crash, this entity spent $129.3 million USDC to acquire 56,093 ETH at an average price of $2,305. This pattern of strategic buying during Ethereum price crashes highlights potential bullish sentiment for ETH by this large holder. (Source)
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