Edgen Crypto·Oct 17 2025, 09:34Institutional investor '7 Siblings' has purchased 2,662.55 Ethereum (ETH) for approximately $10 million, signaling continued conviction in the asset despite recent market fluctuations.
Institutional investor '7 Siblings' has acquired 2,662.55 Ethereum (ETH) for approximately $10 million, marking a significant accumulation event following a recent price downturn in the cryptocurrency market.
On-chain analysis indicates that an entity identified as '7 Siblings' spent $10 million to acquire 2,662.55 ETH at an average price of $3,755.79 per token. This transaction occurred after a price decline of over 7% for Ethereum. This recent acquisition builds upon prior investments, including a previous purchase after a similar price decline. Cumulatively, '7 Siblings' has invested 23 million USDC to acquire a total of 6,149.6 ETH at an average price of approximately $3,740. On-chain analyst Ai姨 (@ai_9684xtpa) monitored this transaction.
The recent $10 million investment is part of a larger, ongoing accumulation strategy by '7 Siblings', characterized by significant purchases during market pullbacks. This entity has previously engaged in substantial ETH acquisitions, demonstrating a long-term bullish outlook. Their broader strategy involves leveraging existing ETH holdings, having borrowed 412 million USDC by pledging their ETH across multiple lending protocols. These leveraged positions are managed with considerable margin, with liquidation prices reportedly below $1,100, indicating a strategic approach to managing risk while maximizing exposure to ETH price movements.
This substantial purchase by '7 Siblings', particularly following a price correction, contributes to the narrative of increasing institutional engagement in the Ethereum ecosystem. Institutional adoption of Ethereum has seen a notable surge, with 77% of total crypto inflows, amounting to $2.87 billion, directed towards Ethereum-based assets in 2025. This surpasses Bitcoin's institutional traction, attributed to Ethereum's proof-of-stake model, staking yields, and DeFi infrastructure.
The introduction of Ethereum ETFs, such as BlackRock's ETHA, has significantly influenced capital flows, attracting $4 billion in net inflows in August 2025 alone, with year-to-date figures reaching $7.1 billion. Staking yields, averaging 3.8-5.5% annually, further incentivize institutional capital. The reclassification of Ethereum as a utility token by the U.S. CLARITY Act has also legitimized its role in institutional portfolios.
Corporate treasuries are also increasingly holding ETH, with over 19 public companies holding 2.7 million ETH in their reserves, demonstrating a trend mirroring Bitcoin's treasury adoption but emphasizing Ethereum's utility as a yield-bearing and deflationary asset. The actions of entities like '7 Siblings' underscore a growing institutional belief in Ethereum's long-term value proposition and its foundational role in the digital asset landscape. Such large-scale movements by significant holders, often referred to as whales, are closely watched by market participants as indicators of market sentiment and potential future price trends. The transparency of blockchain technology allows for the real-time tracking of these transactions, offering insights into the accumulation and distribution patterns of major players.
