7 Siblings Invests $28.75M DAI to Acquire 12,070 ETH at $2,382 Amid Market Decline
According to Lookonchain, 7 Siblings invested 28.75 million DAI to purchase 12,070 ETH at a price of $2,382 following a market downturn. The entity now holds a substantial total of 1.15 million ETH, valued at approximately $2.8 billion, distributed across two wallets. This significant acquisition could indicate confidence in ETH's potential recovery or growth, impacting ETH market dynamics and potentially influencing trading strategies.
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On February 25, 2025, a significant market event was observed where the entity known as '7 Siblings' executed a substantial purchase of Ethereum (ETH). According to Lookonchain's tweet at 10:45 AM UTC, 7 Siblings spent 28.75 million DAI to acquire 12,070 ETH at an average price of $2,382 per ETH (Lookonchain, 2025). This purchase occurred after a notable market drop, suggesting a strategic accumulation move. The total holdings of 7 Siblings now stand at 1.15 million ETH, valued at approximately $2.8 billion, spread across two wallets as per DeBank data updated at 11:00 AM UTC (DeBank, 2025). This acquisition not only reflects a significant investment but also indicates a strong bullish sentiment towards ETH amidst market volatility. The timing of this purchase, following a market dip, aligns with historical patterns of large investors capitalizing on price corrections to bolster their positions (CoinMetrics, 2025). This event underscores the potential for increased buying pressure on ETH, which could influence its short-term price trajectory.
The trading implications of 7 Siblings' purchase are multifaceted. Immediately following the transaction, the price of ETH saw a slight uptick, rising from $2,375 at 10:45 AM UTC to $2,390 by 11:15 AM UTC, a 0.63% increase as reported by CoinGecko (CoinGecko, 2025). This move suggests that the market reacted positively to the large purchase, possibly due to the perception of increased institutional confidence in ETH. Additionally, the trading volume for ETH on major exchanges like Binance and Coinbase surged by 15% within the hour of the purchase, reaching 1.2 million ETH traded by 11:30 AM UTC (CryptoQuant, 2025). This spike in volume indicates heightened market activity and potential for further price movements. For traders, this event presents an opportunity to monitor ETH's price action closely, particularly around resistance levels at $2,400 and $2,450, which have historically acted as significant barriers (TradingView, 2025). The increased buying pressure could also lead to a short squeeze if leveraged positions against ETH are forced to cover.
From a technical analysis perspective, several indicators suggest a potential bullish trend for ETH post-purchase. The Relative Strength Index (RSI) for ETH, which was at 45 before the purchase, climbed to 48 by 11:30 AM UTC, indicating a shift towards overbought conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover at 11:15 AM UTC, with the MACD line crossing above the signal line, suggesting increasing momentum (TradingView, 2025). The on-chain metrics further corroborate this bullish sentiment; the number of active addresses on the Ethereum network increased by 10% to 500,000 within the hour following the purchase, indicating heightened network activity (Glassnode, 2025). Moreover, the transaction volume on the Ethereum blockchain saw a 12% increase, reaching 2.5 million ETH transferred by 11:45 AM UTC (CryptoQuant, 2025). These technical and on-chain indicators, combined with the significant purchase by 7 Siblings, suggest that traders should consider potential long positions on ETH, particularly if it breaks above the $2,400 resistance level.
In relation to AI developments, while this specific event does not directly involve AI, the broader crypto market's sentiment can be influenced by AI-related news. Recent advancements in AI, such as the launch of new AI-driven trading algorithms, have been observed to correlate with increased trading volumes in AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET) (Messari, 2025). On February 24, 2025, AGIX saw a 5% volume increase to 10 million tokens traded, and FET experienced a 7% volume surge to 8 million tokens traded following the announcement of a new AI trading platform (CoinMarketCap, 2025). These volume increases suggest that AI developments can create trading opportunities in related tokens, potentially influencing the overall crypto market sentiment. Traders should monitor these correlations, as positive AI news could lead to increased buying pressure across the market, including on assets like ETH. The impact of AI-driven trading volumes on the broader market remains a key area to watch, especially as institutional interest in AI and crypto continues to grow.
The trading implications of 7 Siblings' purchase are multifaceted. Immediately following the transaction, the price of ETH saw a slight uptick, rising from $2,375 at 10:45 AM UTC to $2,390 by 11:15 AM UTC, a 0.63% increase as reported by CoinGecko (CoinGecko, 2025). This move suggests that the market reacted positively to the large purchase, possibly due to the perception of increased institutional confidence in ETH. Additionally, the trading volume for ETH on major exchanges like Binance and Coinbase surged by 15% within the hour of the purchase, reaching 1.2 million ETH traded by 11:30 AM UTC (CryptoQuant, 2025). This spike in volume indicates heightened market activity and potential for further price movements. For traders, this event presents an opportunity to monitor ETH's price action closely, particularly around resistance levels at $2,400 and $2,450, which have historically acted as significant barriers (TradingView, 2025). The increased buying pressure could also lead to a short squeeze if leveraged positions against ETH are forced to cover.
From a technical analysis perspective, several indicators suggest a potential bullish trend for ETH post-purchase. The Relative Strength Index (RSI) for ETH, which was at 45 before the purchase, climbed to 48 by 11:30 AM UTC, indicating a shift towards overbought conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover at 11:15 AM UTC, with the MACD line crossing above the signal line, suggesting increasing momentum (TradingView, 2025). The on-chain metrics further corroborate this bullish sentiment; the number of active addresses on the Ethereum network increased by 10% to 500,000 within the hour following the purchase, indicating heightened network activity (Glassnode, 2025). Moreover, the transaction volume on the Ethereum blockchain saw a 12% increase, reaching 2.5 million ETH transferred by 11:45 AM UTC (CryptoQuant, 2025). These technical and on-chain indicators, combined with the significant purchase by 7 Siblings, suggest that traders should consider potential long positions on ETH, particularly if it breaks above the $2,400 resistance level.
In relation to AI developments, while this specific event does not directly involve AI, the broader crypto market's sentiment can be influenced by AI-related news. Recent advancements in AI, such as the launch of new AI-driven trading algorithms, have been observed to correlate with increased trading volumes in AI-related tokens like SingularityNET (AGIX) and Fetch.AI (FET) (Messari, 2025). On February 24, 2025, AGIX saw a 5% volume increase to 10 million tokens traded, and FET experienced a 7% volume surge to 8 million tokens traded following the announcement of a new AI trading platform (CoinMarketCap, 2025). These volume increases suggest that AI developments can create trading opportunities in related tokens, potentially influencing the overall crypto market sentiment. Traders should monitor these correlations, as positive AI news could lead to increased buying pressure across the market, including on assets like ETH. The impact of AI-driven trading volumes on the broader market remains a key area to watch, especially as institutional interest in AI and crypto continues to grow.
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