【A certain whale/institution redeemed approximately 1.27 million EIGEN from the EigenLayer staking contract and sold it on-chain since 7 PM last night】According to Golden Finance's report, on-chain analyst Yu Jin monitored that in October, a whale/institution spent 32.45 million USDC through 21 addresses 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 (worth 5.02 million USD) from the EigenLayer staking contract using 4 addresses and are currently selling it for ETH or USDC on-chain. A few days ago, when EIGEN peaked at $5.6, their 8.917 million EIGEN had a floating profit of 17.65 million USD, but it has now dropped back near the cost line.
