Ethereum Purchases by ‘7 Siblings’ Continue Despite Market Volatility

The group known as ‘7 Siblings’ has continued to increase their Ethereum holdings despite recent market fluctuations. A recent acquisition of 1,601 ETH, valued at approximately $5.25 million, follows a series of purchases since October 11th, according to PANews. During this period, the group has spent roughly $163 million USDC to acquire a total of 45,800 ETH at an average price of $3,561 per ETH. This purchase spree occurred when market prices were below their average purchase price, resulting in an estimated unrealized loss of about $9.48 million.