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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

2024-12-22 10:41:45 6 hours ago CoinRank

CONTENT

CoinRank News: According to the monitoring of on-chain analyst Ember, whales/institutions that spent $32.45 million USDC to purchase 8.917 million EIGEN at an average price of $3.64 through 21 addresses in October have begun to redeem EIGEN and sell them on the chain since last night. Since 7 oclock last night, they have had 4 addresses redeem 1,270,507 EIGEN (US$5.02 million) from the EigenLayer staking contract and are selling them on the chain for ETH or USDC. When EIGEN rose to $5.6 a few days ago, they made a floating profit of $17.65 million on these 8.917 million EIGEN, but now it has fallen back to near the cost line.

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