Foresight News reported that according to Ember Monitoring, a certain whale spent $32.45 million USDC at an average price of $3.64 to purchase 9.17 million EIGEN in October through 21 addresses, and has been redeeming EIGEN and selling them on-chain since last night. Since 7 PM last night, they have redeemed 1,270,507 EIGEN ($5.02 million) from the EigenLayer staking contract through 4 addresses and sold them on-chain for ETH or USDC.
A whale redeemed about 1.27 million EIGEN from the EigenLayer staking contract and sold it on the chain
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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