🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
The '7 Siblings' Are Back: Mystery Whale Collective Drops $40M on ETH During Market Blood Bath
Remember those anonymous wallets that perfectly timed the Ethereum rally? They’re doing it again.
A blockchain collective known as “7 Siblings” just borrowed $40 million USDC on Aave V3 and immediately deployed it to scoop up 10,861 ETH at an average of $3,683—right when the market was bleeding and ETH dipped below $3,500.
The Pattern Is Messy
These folks have a documented track record of being uncomfortably good at catching knives:
Now they’re back in accumulation mode after taking profits, which raises the question: do these wallets actually know something, or are they just lucky?
Current Climate: Fear Everywhere
Ethereum’s Fear & Greed Index is currently at 28—deep in the red zone. BTC briefly dipped below $105K for the first time in two weeks. The Fed might not cut rates in December (thanks, Powell). Global ETH trading volume hit $20B+ in 24 hours, but most of it was panic selling or profit-taking.
Into this carnage walks 7 Siblings with $40 million in borrowed stables, converting to ETH like it’s a fire sale.
The Strategy: Borrow USDC cheap, buy ETH during dumps, wait for recovery. Simple. Effective. Terrifying if you sold at $3,500.
Their accumulated position now sits at 15,092 ETH at a $3,654 average cost—meaning they’re already underwater on this fresh batch, but history suggests they’re betting the market rebounds hard in the next cycle.