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.
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.
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.