According to on-chain analyst Yu Jin's monitoring, in October, 32.45 million USDC was spent through 21 addresses to purchase 8.917 million EIGEN at an average price of 3.64 USD, with whales/institutions starting to redeem EIGEN and sell it on-chain since last night. Since 7 PM last night, they have redeemed 1,270,507 EIGEN (5.02 million USD) from the EigenLayer staking contract using 4 addresses, and are currently selling it on-chain in exchange for ETH or USDC. A few days ago, when EIGEN peaked at 5.6 USD, their 8.917 million EIGEN had an unrealized gain of 17.65 million USD, but it has now fallen back to near the cost line.