7 Siblings buy $22m of ethereum in dip
The group purchased 10,792 ether at about $2,038 each, according to on‑chain data.
Key takeaways
- 17 Siblings spent $22 million to buy 10,792 ether
- 2Average purchase price was $2,038 per ether
On Nov 10, the wallet known as 7 Siblings transferred $22 million to acquire 10,792 ether, according to on‑chain data captured ten hours before publication.
The average purchase price was $2,038 per ether, meaning the group moved roughly $22 million in a single coordinated trade, one of the larger purchases recorded this year.
7 Siblings is a cluster of seven related addresses that has built a reputation for buying ethereum during sharp market corrections. Their coordinated buying is watched by traders as a potential signal of confidence and short‑term price support.
The latest inflow suggests renewed confidence in ethereum despite recent volatility and could provide short‑term buying pressure. Market participants will monitor further on‑chain activity from the same wallet and watch for additional large purchases that may affect liquidity.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.