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The '7 Siblings' Are Back: Mystery Whale Collective Drops $40M on ETH During Market Blood Bath

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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:

  • August 2024: Bought 56,093 ETH at $2,305 average
  • February 2025: Accumulated 50,429 ETH at $2,480
  • March 2025: Grabbed 17,855 ETH at $2,054
  • April 2025: Scooped 24,817 ETH at just $1,700 (their best entry yet)
  • August 2025: Sold 19,461 ETH for $88.2M at $4,532—basically at the local peak

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.

ETH-2.57%
BTC-2.57%
AAVE-0.91%
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