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Bitcoin $83,569.72 -2.29%
Ethereum $1,573.28 -4.17%
BNB $579.62 -1.67%
Optimism $0.64 -3.48%
Arbitrum $0.28 -4.97%
Solana $125.64 -4.52%
Polygon $0.22 +2.77%
Cosmos $3.99 -3.51%
Avalanche $18.77 -6.20%

A whale/institution redeemed about 1.27 million EIGEN from the EigenLayer staking contract since 7pm last night and sold it on the chain

12/22 03:33

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blockchain analyst Yu Jin monitored that in October, whales/institutions purchased 8.917 million EIGEN at an average price of $3.64 for a total of $32.45 million USD through 21 addresses. Since last night, they have started to redeem and sell EIGEN on the chain.

Since 7 pm last night, four addresses have redeemed 1,270,507 EIGEN ($5.02 million) from the EigenLayer staking contract and are currently selling them on the chain for ETH or USDC.

A few days ago, when EIGEN reached a high of $5.6, their 8.917 million EIGEN had a floating profit of $17.65 million, but now it has fallen back to the cost line.

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A whale/institution redeemed about 1.27 million EIGEN from the EigenLayer staking contract since 7pm last night and sold it on the chain

All Comments

Recommended for you

CleanSpark to start selling Bitcoin in 'self-funding' pivot

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Vitalik Buterin says the app layer needs ‘good social philosophy’ most

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