Whale Activity: Over $10 Million Purchase of EIGEN Sparks Market Attention
Latest on-chain data shows that a whale controlling approximately $200 million in assets has continuously increased their position in EIGEN over the past 8 days. Here are the key details:
A total of 3,391 ETH (about $10.44 million) was spent to buy 4.483 million EIGEN. Currently, the whale's total holding has reached 5.04 million EIGEN (about $11.14 million), making it the second largest asset in their portfolio after ETH. The last purchase occurred one hour ago, indicating continued optimism for the project.
💡 Market Observation: Concentrated buying by whales is often seen as a sign of confidence, but investors should pay attention to subsequent movements, especially whether there are accompanying lock-up mechanisms, project advancements, or short-term arbitrage risks.
Monitoring whale wallets and on-chain movements may help capture the next wave of potential coin opportunities!🔍📊
