Whale '7 Siblings' Acquires ETH Amid Market Decline

According to BlockBeats, on-chain data analyst Yu Jin has observed that the whale or institution known as '7 Siblings' has resumed purchasing Ethereum (ETH) following a significant market drop. The entity borrowed 40 million USDC from Aave and has already spent 5 million USDC to acquire 1,326 ETH at a price of $3,771 within the past hour. This whale or institution has a history of buying ETH during market downturns and has profited considerably from these transactions. On August 5th of last year, when ETH fell by 15%, '7 Siblings' purchased 100,000 ETH at approximately $2,270 each. Similarly, on April 7th of this year, they acquired 25,000 ETH at around $1,700 each following a 10% decline in ETH's value.