By COINOTAG — Published: October 17, 2025. Updated: October 17, 2025.
The Seven Siblings wallets reactivated during the ETH dip, borrowing $20M USDC to buy 2,664 ETH at about $3,754 and retaining $10M USDC for further purchases — a historically contrarian on-chain signal that often precedes local market bottoms.
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Seven Siblings borrowed $20M USDC and bought 2,664 ETH at ~$3,754, keeping $10M for additional buys.
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The multi-wallet entity now holds ~96% of reserves in ETH, with over $445M staked on Aave and assets across multiple L2s.
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Recent on-chain data: ETH open interest ~$18.37B, ~291,122 traders liquidated in 24 hours, and over $121M in ETH liquidations in the last four hours.
Seven Siblings wallets buy ETH dip: borrowed $20M USDC to acquire 2,664 ETH at $3,754; follow COINOTAG for detailed on-chain analysis and updates.
What are the Seven Siblings wallets and why do they matter?
Seven Siblings wallets are a set of seven linked addresses tracked by on-chain analytics that act like a coordinated whale or institutional entity. They matter because their concentrated buys and staking moves have historically coincided with short-term market bottoms and major accumulation phases, providing a prominent on-chain signal for traders and analysts.
How did the Seven Siblings act during the latest ETH dip?
The entity borrowed $20M USDC and executed purchases equivalent to 2,664 ETH at an average price near $3,754, while keeping $10M USDC in reserve for additional buys. On-chain analytics platforms and public wallet tracing (reported by on-chain observers) show the group staggered purchases, used CowSwap for DEX fills, and subsequently converted a large share of reserves into ETH and yield positions.
The multi-wallet cluster now allocates roughly 96% of its holdings to ETH, with total estimated assets exceeding $818M. Over $445M of that has been staked on Aave in the form of several wrapped ETH variants, and additional positions are distributed across smaller Layer-2 networks. Historical activity shows these wallets bought aggressively during prior liquidation events — for example, taking positions as low as $1,700 per ETH in April 2025 and acquiring 6,149 ETH during the October 11 liquidation spike.
The Mysterious Whale/Institution “7 Siblings” borrowed $20M USDC to buy 2,664 $ETH for $10M USDC at a price of $3,754. It still holds $10M USDC, likely to buy more. Address: 0x28a55c4b4f9615fde3cdaddf6cc01fcf2e38a6b0. Data: Nansen. — Onchain Lens (October 17, 2025)
Is ETH done with the slide?
ETH’s recent drop to the $3,700 range coincided with broader market stress, including BTC weakness and elevated liquidations. Open interest for ETH sits near $18.37B, and the past 24 hours produced significant forced selling; however, the activation of the Seven Siblings — an accumulation signal in past cycles — suggests the slide may find support in the current lower-liquidity bands down toward $3,500 per ETH.
That said, market direction remains contingent on macro flows and order-book liquidity. The wallets’ decision to stagger buys rather than deploy the full reserve immediately indicates they may be expecting additional price dislocations or are executing a measured accumulation strategy to minimize market impact.
ETH broke down further in the past 24 hours, losing the $3,700 range on continued panic and liquidations. | Source: CoingeckoAre whales selling ETH or accumulating?
On-chain data shows both forced selling and selective accumulation. Major liquidations included one Hyperliquid wipe of $20.42M and roughly 291,122 traders liquidated in the last 24 hours across BTC and ETH markets. Exchanges have increased sell-side pressure in the short term, while a subset of whales and coordinated wallets — notably the Seven Siblings — have accumulated during these liquidation windows.
The market crash spooked a hacker into panic-selling 9,240 $ETH ($34.88M) at $3,775, taking a $4.56M loss. This is an example of forced selling and poor timing during flash events. — Lookonchain (October 17, 2025)
DeFi positions are now experiencing collateral pressure and liquidations, which in turn routes more ETH into protocol hands and can exacerbate short-term selling. Analysts tracking on-chain flows (Nansen, on-chain observers and public wallet tracing) characterize the current phase as a mixture of capitulation-driven selling and opportunistic accumulation by repeat on-chain buyers.
Frequently Asked Questions
How many ETH did the Seven Siblings buy during the October 17, 2025 activity?
The Seven Siblings bought 2,664 ETH at an average price of about $3,754 using a $20M USDC borrow, and retained $10M USDC for future purchases. They previously acquired 6,149 ETH during the October 11 liquidation event.
Will the Seven Siblings’ buying stop the ETH price fall?
Their activity can provide a strong local support signal, but it does not guarantee an immediate reversal. Market direction depends on broader liquidity, macro risk sentiment, and exchange flows; the wallets’ measured buying suggests they expect potential further volatility.
Key Takeaways
- Coordinated accumulation: Seven Siblings borrowed $20M USDC to buy 2,664 ETH and hold $10M for more buys, signaling targeted accumulation during the dip.
- Large ETH concentration: The entity now holds ~96% of assets in ETH, with over $445M staked on Aave and positions on multiple L2s.
- Market context: Recent forced liquidations and thin liquidity make short-term volatility likely; the wallets’ staggered approach indicates they anticipate further opportunities.
Conclusion
The activity of the Seven Siblings wallets during the October 2025 ETH sell-off highlights a repeat pattern of institutional-scale accumulation amid liquidation events. On-chain metrics (open interest, liquidation volumes) and tracked wallet behavior point to a nuanced market: heavy forced selling alongside selective whale accumulation. COINOTAG will continue monitoring on-chain flows and updates; watch for further wallet activity and liquidity changes for clearer directional cues.
