Crypto whale 0x373 has been actively trading EIGEN, with recent moves totaling $870K in the past five hours.
The whale swapped 252.4 WETH for 319,114 EIGEN at an average price of $2.727, adding to an ongoing investment strategy in the token.
Over the past three days, the whale has spent 1,148.5 WETH ($3.7M) to acquire 1.39 million EIGEN at an average price of $2.661. Despite the significant buy-in, the whale currently faces an unrealized loss of $127K (-3.43%) on this second round of EIGEN trades.
This is not the whale’s first foray into EIGEN. From October 3 to October 15, 2024, they traded 1.943 million EIGEN, incurring a loss of $178K (-2.64%).
EIGEN Among Top Holdings
Despite minor setbacks, EIGEN remains a key part of 0x373’s portfolio, ranking as the whale’s third-largest holding. The whale’s top assets include:
– PEPE: 3.33 trillion tokens valued at $67.2M, with an impressive profit of $70M (12.9x return).
– ENA: 10 million tokens worth $5.96M, yielding a profit of $1.65M (+34.5%).
Recent Profits and Losses
The whale has also profited from trades in other tokens, including:
– AAVE: $1.05M gain (+29%).
– FET: $103K gain (+6.8%).
Another super whale is expanding their $EIGEN position!
Whale "0x373," with a $70M profit from $PEPE, bought 319,114 $EIGEN for 252.4 $ETH ($870K) 5 hours ago, raising holdings to 1.39M $EIGEN ($3.56M).$EIGEN is now their 3rd-largest holding, after:
• 3.33T $PEPE (worth:… https://t.co/kpRxin7tSW pic.twitter.com/iACkQFG489— Spot On Chain (@spotonchain) November 22, 2024
However, losses include $185K (-15%) from ATH trades.
EIGEN Price Surge
EIGEN’s price surged 19.79% in the past 24 hours, potentially reducing the whale’s unrealized losses. As the whale continues to invest, all eyes remain on their next move in the crypto market. For further insights, visit the portfolio visualizer.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.