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.
Blockchain analytics platform Lookonchain has spotted a shopping spree among Ethereum ETH $2 278 24h volatility: 2.7% Market cap: $275.00 B Vol. 24h: $49.55 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.
7 Siblings Consistently Buys Ethereum 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: $70.77 B Vol. 24h: $20.17 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.
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