Mysterious ‘7 Siblings’ wallets return to buying Ethereum dips

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.

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