The crypto whale or institution known as "7 Siblings" has resumed its strategy of buying Ethereum (ETH) during market downturns. Following a recent price drop, the entity borrowed $40 million USDC from Aave and has already spent $5 million USDC to purchase 1,326 ETH at $3,771 each in the past hour. Historically, '7 Siblings' has profited from similar strategies, including purchasing 100,000 ETH at $2,270 during a 15% drop in August last year and 25,000 ETH at $1,700 during a 10% drop in April this year.
Whale '7 Siblings' Buys 1,326 ETH Amid Market Dip
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.