“Eigen Whale’s $9M Move: Is Another Rally on the Horizon?” 🤔
A significant move in the crypto market is making waves: an EigenLayer whale has accumulated $9M worth of EIGEN tokens from Binance, transferring 2 million tokens in just two days. This bold purchase signals confidence in EigenLayer’s long-term potential, even as its price dips slightly today.
While this whale activity sparks optimism, not all market participants are as bullish. Tron founder Justin Sun recently sold 322,119 EIGEN ($1.44M), along with other tokens, raising some concerns. Currently, EIGEN trades at $4.44, down 1%, with a 24-hour high of $4.97 and a low of $4.38.
Despite this, the market remains hopeful. Binance’s addition of EIGEN to its loanable assets earlier this year and increased interest from major players suggest potential for a further rally. Could these whale moves drive the next big surge? The signs are promising, but the market will decide.
What’s your take on this?