Lookonchain has spotted the acquisition of 14,254 Ethereum by 7 Siblings, a known whale who bought the ETH dip within the last 24 hours.
By Godfrey Benjamin
Editor Julia Sakovich
Updated
2 mins read
Blockchain analytics platform Lookonchain has spotted a shopping spree among Ethereum ETH $3 258 24h volatility: 9.3% Market cap: $393.27 B Vol. 24h: $67.08 B whales. These entities have acquired up to 14,254 ETH within the last 24 hours. Coincidentally, Ethereum price is caught in a decline of more than 6%, suggesting that these whales are probably buying the dip.
According to CoinMarketCap data, ETH price is currently trading at $3,488.45, corresponding with a 6.05% decline over the last 24 hours. Around the time of the price decline, Lookonchain identified a mysterious whale “7 Siblings” who spent 52.47 million USDC USDC $1.00 24h volatility: 0.0% Market cap: $75.15 B Vol. 24h: $26.40 B for the acquisition of 14,254 ETH. The stash was purchased at an average price of $3,681 per coin.
As the market dips, whales are going on a shopping spree.
Over the past 12 hours, the mysterious whale "7 Siblings" spent 52.47M $USDC to buy 14,254 $ETH at $3,681.https://t.co/RytINqnBShhttps://t.co/3ok7HNbGTp pic.twitter.com/Kz7Ti3kpCx
— Lookonchain (@lookonchain) November 4, 2025
Purchasing the dip appears to be a pattern with 7 Siblings, as it had equally made several massive purchases during periods when Ethereum hit rock bottom. On Oct. 11, it borrowed 40 million USDC from the Aave protocol and spent 5 million USDC to buy 1,326 ETH at $3,771.
Meanwhile, this Ethereum dip has been ongoing for quite a while. Spot ETH ETF outflows have not been encouraging either, as institutional demand plummets. All indications point to the fact that investors are losing hope and confidence in the second-largest cryptocurrency by market cap. The $120 million Balancer exploit has equally contributed to the poor outlook of the coin.
BitMine recently expanded its holdings to 3.4 million ETH worth $14.2 billion, giving the firm 2.8% of the ETH supply in circulation. Many market watchers hoped that this event would boost Ethereum’s price. Unfortunately, this projection is yet to materialize.
Ethereum would need to recover quickly before it has to compete with the SUBBD project. This is one of the new crypto projects that has its public sale already ranked as one of the best crypto presales of 2025.
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Current price: $0.05685
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
