Blockchain Capital’s wallet recently transferred 1.43 million $EIGEN tokens to Coinbase, a transaction completed approximately seven hours ago.
Valued at $3.55 million, this movement suggests the intention to sell or otherwise utilize the tokens.
Blockchain Capital 关联地址 7 小时前将 143 万枚 $EIGEN 充值进 #Coinbase，价值 355 万美金，或打算卖出
该地址一周前从 EigenLayer DelegationManager 多签地址处收到 174 万枚 EIGEN 代币，当时币价还有 $2.73（本次充值价格 $2.48，已下跌 10%）📉
钱包地址 https://t.co/WHOtEoCQia pic.twitter.com/n25fTaOkn3
— Ai 姨 (@ai_9684xtpa) November 15, 2024
The address had previously received 1.74 million $EIGEN tokens from EigenLayer’s DelegationManager multi-signature wallet about a week ago. At the time of receipt, the token’s price was $2.73. However, $EIGEN’s value has since dropped by 10%, with the current recharge price standing at $2.48.
Entity Whale Bags 1.06 Million $EIGEN
In parallel, notable trading activity has emerged over the past two days involving the entity known as “7 Siblings.” This group has reportedly acquired 1.06 million $EIGEN tokens for 833.75 $ETH, which equates to a total value of $2.59 million. The average purchase price for these tokens was approximately $2.43, reflecting a calculated accumulation strategy.
In the past two days, the entity "7 Siblings" accumulated 1.06M $EIGEN for 833.75 $ETH, valued at $2.59M, at an average price of $2.43.
0x267ed5f71ee47d3e45bb1569aa37889a2d10f91e pic.twitter.com/gHrCNS2OkB
— Onchain Lens (@OnchainLens) November 15, 2024
This series of movements highlights significant market activity surrounding $EIGEN, with key players either reallocating or accumulating assets amidst fluctuating token prices. Whether these developments point to a broader strategy or a reaction to market conditions remains to be seen.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.