BlockTower Capital has recently made another significant withdrawal, pulling 372,578 EIGEN tokens (worth $1.18 million) from FalconX.
Over the past seven days, the venture capital firm has accumulated a total of 1.026 million EIGEN tokens ($3.57 million) from Wintermute Trading and FalconX, with an average purchase price of $3.482.
However, the firm currently faces an unrealized loss of $167,000, representing a -4.66% downturn.
BlockTower Capital (@BlockTower) withdrew another 372,578 $EIGEN ($1.18M) from FalconX 2 hours ago!
This added to their 7-day accumulation of 1.026M $EIGEN ($3.57M) from #Wintermute and #FalconX at an average of $3.482.$EIGEN is now their 3rd-largest holding, after 7,663 $MKR… pic.twitter.com/UoENUzG9F3
— Spot On Chain (@spotonchain) October 18, 2024
EIGEN is now BlockTower Capital’s third-largest holding, trailing only behind 7,663 MKR ($9.27 million), which has an estimated loss of $2 million (-7%), and 213,646 MPL ($4.03 million), which is performing better with a total profit of $1.19 million (+30.8%).
Crypto Whale Suffers Over $500K Loss
Meanwhile, a crypto whale staked 1.63 million EIGEN tokens, valued at $5.47 million, just 40 minutes ago. This whale had spent 2,471 ETH ($6.03 million) to acquire 1.63 million EIGEN tokens at an average price of $3.71 between October 8 and October 9.
However, they are currently facing a loss of $560,000.
A whale staked 1.63M $EIGEN(5.47M) 40 minutes ago.
This whale spent 2,471 $ETH($6.03M) to buy 1.63M $EIGEN at $3.71 on Oct 8 and Oct 9 and is currently losing $560K.https://t.co/jFpvSkqOZV pic.twitter.com/0aw9Reua8c
— Lookonchain (@lookonchain) October 18, 2024
Additionally, another whale, identified as 0x64b, withdrew 209,000 EIGEN tokens (~$662,000) from Binance just four hours ago. This particular whale boasts a portfolio worth $106 million and is a significant ETH supplier on the AAVE platform.
4 hours ago, a whale 0x64b just withdrew 209k $EIGEN (~$662k) from #Binance.
His portfolio is worth $106M and he's big $ETH supplier in #AAVE.
Address:https://t.co/aG9xWrLwDR pic.twitter.com/7IqLkOtLJ8
— The Data Nerd (@OnchainDataNerd) October 18, 2024
With large players like BlockTower Capital and whales making substantial moves, the volatility in EIGEN’s price continues to be a focal point, as investors navigate the ups and downs in this fast-evolving crypto market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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