A whale deposited 8 million EIGEN to Binance and made a profit of $596,000 after holding it for 4 days

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On May 13, according to Spot On Chain monitoring, a whale just deposited 8 million EIGEN tokens ($10.1 million) into Binance, potentially locking in a profit of $596,000 (+6.34%) after holding for just 4 days.

The whale still holds 10.9 million EIGEN tokens ($13.5 million), with unrealized gains of $712,000.

EIGEN dropped 11.2% within 24 hours against the backdrop of a market pullback.

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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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