Long

Spark

Per EmberCN monitoring, on January 21, “7 Siblings” deposited 596,800 ETH (valued at roughly $1.765 billion) into the lending protocol Spark via 8 addresses, making them the platform’s largest depositor. They then borrowed 193 million stablecoins (including DAI, USDT, USDS) from Spark. Amid last year’s October-November market downturn, the group used those borrowed stablecoins to bottom-fish and acquire 49,287 ETH at an average price of $3,531. Currently, they hold an unrealized loss of roughly $27.7 million on this position. Additionally, addresses ranking 2nd through 7th, 10th, and 11th on Spark are all linked to “7 Siblings.”

「7Siblings」 Leveraged Long 49,287 ETH at an average price of $3,531, with an unrealized loss of $27.7 million

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