A certain whale/institution redeemed approximately 1.27 million EIGEN from the EigenLayer pledge contract since 7 o'clock last night and sold it on-chain
According to on-chain analyst Yu Jing's monitoring, in October, whales/institutions purchased 8.917 million EIGEN through 21 addresses at an average price of $3.64 per unit, spending a total of $32.45 million USDC. Since last night, they have started to gradually redeem EIGEN and sell it on the chain.
Since 7 o'clock last night, four addresses have redeemed 1,270,507 EIGEN (worth $5.02 million) from EigenLayer's staking contract and are currently selling them on the chain for ETH or USDC. A few days ago when EIGEN peaked at $5.6 per unit, their holdings of 8.917 million EIGEN had made a floating profit of $17.65 million; however now it has fallen back near the cost line.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP’s Crazy August Is Almost Over – September Could Be Even Bigger
Crude oil is "coming back", but refined oil is "not coming back"; the global refining gap is widening.
According to Goldman Sachs, global refined oil exports have declined by about 6 million barrels per day year-on-year, with the Gulf region and Russia contributing three-quarters of the decrease. Unlike crude oil, which can be rerouted, damaged refineries cannot be relocated, and the Gulf region's refined oil exports have only recovered to 40% of pre-war levels. Goldman Sachs expects global refinery utilization rates to recover only by the second half of 2027; based on this, it has more than doubled its forecast for diesel profit margins in 2027.
Data: Detected an outflow of 35.11 million USDT from a certain exchange
SK Hynix CEO: Memory chip shortage will persist until 2030
Crypto prices
More
