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Whale/Institution Initiates On-chain Sell-off of 8.917M EIGEN, Purchased at an Average Price of $3.64

2024-12-22 10:44

BlockBeats News, December 22nd, according to EmberCN monitoring, a whale/institution that had spent 32.45 million USDC in October through 21 addresses to purchase 8.917 million EIGEN at an average price of $3.64, has started to gradually redeem EIGEN and sell it on-chain since last night.


Since last night at 7 p.m., four addresses have redeemed 1,270,507 EIGEN (worth $5.02 million) from the EigenLayer staking contract and sold it on-chain for ETH or USDC.

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