Whales clear EIGEN, the market is turbulent, who will be the next winner?

In October, whale players bought 8.917 million EIGEN at an average price of $3.64, directly triggering a massive sell-off. Since 7 PM last night, four addresses have redeemed 1.27 million EIGEN (worth $5.02 million), which were quickly converted to ETH or USDC on-chain. This wave of actions has made the market instantly feel the cold selling signals from institutional funds.

What key points does this sell-off reveal?

EIGEN under short-term pressure: The current outflow of funds is evident, and market sentiment is fluctuating, which may exacerbate price pressure. Fund reallocation: Whales are converting funds to ETH or USDC, does this imply future investments in more attractive sectors? This opens up more imagination space for the market. Market expectations diverge: The choice of large holders to exit is not random and may reflect a cautious attitude towards EIGEN's future growth.

Market rules indicate that the actions of large funds are often precursors to trends. The signals released by this wave of whale redemptions of EIGEN may trigger a new direction in the market. Will it continue to decline or complete a value reconstruction? This is worth the continuous attention of all investors.

Understanding market rhythms is the beginning of wealth control! Follow Lao Tan closely, plan ahead, and let the next peak belong to your account! Pay attention to Lao Tan, and never let opportunities slip away!