CoinVoice has learned that, 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. Since last night, they have started to continuously 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 with 4 addresses and are currently selling it on-chain for ETH or USDC. A few days ago, when EIGEN peaked at $5.6, this 8.917 million EIGEN had an unrealized profit of 17.65 million USD, but it has now fallen back near the cost line. [Original link]
