According to PANews, the whale investor or institution known as '7Siblings' has once again capitalized on Ethereum's price decline. Following a 4% drop in Ethereum's value today, '7Siblings' purchased 2,210 ETH for 8.15 million USDC, at a price of $3,687 per ETH.
Since the significant market downturn on October 11, '7Siblings' has acquired a total of 8,719 ETH using 32.48 million USDC, with an average purchase price of $3,725 per ETH. Their buying strategy consistently involves purchasing after price declines.
On October 11, after a 10% drop in Ethereum's price, they bought 3,485 ETH for 13 million USDC at $3,730 per ETH. Later, on October 17, following a 7% decrease, they acquired 3,024 ETH for 11.33 million USDC at $3,747 per ETH. Most recently, on November 3, they bought 2,210 ETH for 8.15 million USDC at $3,687 per ETH after a 4% price drop.