This October, 21 addresses spent $32.45 million USDC to purchase 8.917 million EIGEN at an average price of $3.64. 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 ($5.02M) from the EigenLayer staking contract across 4 addresses and are currently selling it on-chain in exchange for ETH or USDC.
The 4 addresses that have redeemed EIGEN and transferred it for sale are:
0x3CEC55f38A1BCEeCF7f449623f180689795664eF
0x0a28B6c99930399Ff1D982cDBDc83B5873693677
0x04C912c04C18Fc13EfF4eCD889c56aE11095866a
0xaC04EDb06f0dE2a5fD6CeBd671FEb6DeF880B8ff
A few days ago, when EIGEN peaked at $5.6, their 8.917 million EIGEN had an unrealized gain of $17.65 million. However, it has now dropped back to near its cost line.
