Data: Whale/Institution "7 Siblings" borrows 40 million USDC from Aave to start buying the dip in ETH
According to ChainCatcher, on-chain data analyst Yujin has monitored that the whale/institution "7 Siblings," known for repeatedly buying the dip in ETH after major declines, has once again started accumulating ETH following today's sharp drop. He borrowed 40 million USDC from Aave and has already spent 5 million USDC in the past hour to purchase 1,326 ETH at a price of $3,771.
This whale/institution has previously bought the dip in ETH multiple times and made significant profits: · On August 5 last year, when ETH dropped 15%, they bought 100,000 ETH at around $2,270; · On April 7 this year, when ETH dropped 10%, they bought 25,000 ETH at around $1,700.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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