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

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

CointimeCointime2024/12/22 03:56
By:Cointime

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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

KOMAUSDT now launched for futures trading and trading bots

Bitget has launched KOMAUSDT for futures trading with a maximum leverage of 75, along with support for futures trading bots, on December 23, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. KOMAUSDT-M perpetual futures: Parameters Details Listing

Bitget Announcement2024/12/23 03:11