A certain Whale/institution redeemed approximately 1.27 million EIGEN from the EigenLayer stake contract and sold them on-chain since 7 PM last night.

【A certain Whale/institution has redeemed approximately 1.27 million EIGEN from the EigenLayerstake contract and sold them on-chain since 7 p.m. last night】According to on-chain analyst Yu Jin’s monitoring, in October, a Whale/institution spent 32.45 million USDC through 21 Addresses to purchase 8.917 million EIGEN at an average price of $3.64. Since last night, they have started to redeem EIGEN gradually and sell them on-chain. Since 7 PM last night, they have redeemed 4 Addresses from the EigenLayer stake contract for 1,270,507 EIGEN (5.02 million USD) and are selling them on-chain for ETH or USDC. A few days ago, when EIGEN rose to a peak of $5.6, their 8,917,000 EIGEN tokens yielded a floating profit of $17.65 million, but now it has fallen back to the breakeven line.

EIGEN-0.31%
ETH-0.78%
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