The on-chain data analysis platform Spot On Chain analyzed that last night the cryptocurrency restaking protocol EIGEN unlocked 9.93 million EIGEN, and Justin Sun, the founder of TRX, received an additional 3.62 million EIGEN, which was approximately $14.1 million at the time. Justin Sun immediately deposited the entire amount into Binance, and at the time of the deposit, EIGEN was trading at around $3.89. Spot On Chain further added that after the major exchange listing of EIGEN on October 1st, Justin Sun received 8.86 million EIGEN worth approximately $35.61 million, which he deposited into Binance. The average price of EIGEN at the time of the deposit was estimated to be $4.02.
Analysis: "Justin Sun receives $14.1M worth of EIGEN yesterday, then deposits it into Binance"
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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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