According to on-chain analyst Ember Monitoring, in October, USDC spent $32.45 million through 21 addresses to buy 8.917 million EIGEN whales/institutions at an average price of $3.64. Since last night, EIGEN has been redeemed one after another and sold on the chain.
Since 7pm last night, they have had 4 addresses redeem 1,270,507 EIGEN (5.02 million USD) from the EigenLayer staked contract and are selling on the chain for ETH or USDC.
A few days ago, when EIGEN rose to $5.6, their 8.917 million EIGEN was $17.65 million, but now it has fallen back to the cost line.
A whale/institution redeemed about 1.27 million EIGENs from the EigenLayer pledge contract since 7pm last night and sold them on the chain
2024-12-22 03:28:11
According to chain analysis division embers monitoring October month by 21desk3cryptocurrencydesktopCrypto News
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