A whale/institution has redeemed approximately 1.27 million EIGEN from the EigenLayer staking contract and is selling it on-chain since 7 PM last night

Odaily Planet Daily News According to on-chain analyst Yu Jin's monitoring, in October, 21 addresses spent 32.45 million USDC to purchase 8.917 million EIGEN at an average price of 3.64 USD. Since last night, they have started to gradually redeem EIGEN and sell it on-chain. Since 7 PM last night, they have redeemed 1,270,507 EIGEN (5.02 million USD) from the EigenLayer staking contract through 4 addresses and are currently selling it on-chain for ETH or USDC. A few days ago, when EIGEN peaked at 5.6 USD, this 8.917 million EIGEN had an unrealized profit of 17.65 million USD, but it has now fallen back to near the break-even point.