Sun "Brother" is cutting again? Deposited 37.3 million USD, EIGEN rises 11.69%!
Sun Yuchen deposited 37.3 million USD into EIGEN, indicating his confidence in its future.
In the past 24 hours, the price of EIGEN has risen by 11.69%.
EIGEN's recent market activity has been impressive, with its price increasing by 11.69% in the last 24 hours to reach 5.23 USD. During this period, the cryptocurrency fluctuated between a low of 4.69 USD and a high of 5.23 USD, reflecting some price volatility.
However, despite these fluctuations, as of the time of writing, EIGEN's market capitalization remains at 1.08 billion USD—an increase of 6.72%, enhancing its appeal to investors. In fact, just four days ago, on December 12, 2024, this cryptocurrency hit an all-time high of 5.38 USD.
The neckline of this pattern seems to be close to the 5 USD mark, and if the price breaks through the resistance level around 5.38 USD, it could rise to 7 USD—a 37.13% increase from the time of writing.
Additionally, there is a solid support area near the 4.77 USD neckline, providing a degree of stability to the market.
Around September 2024, the price surged to about 6 USD, leading to a spike in the number of new addresses and active addresses, indicating increased user participation. However, in December 2024, as EIGEN's price stabilized around 5 USD, the number of new addresses slightly decreased, falling by more than 4.8%.
However, shortly thereafter, active addresses increased by 13.92%—indicating a continuous rise in engagement from existing users.
The trading activity over the past 30 days also reflects a growing interest across different market segments. There has been a significant increase in small transactions in the 0-1 USD and 1-10 USD categories, with the 1-10 USD category seeing a growth of 322.79%.
As of December 2024, Sun Yuchen holds 196,380 EIGEN, which has appreciated in value. His actions suggest a strategic maneuvering pattern within the cryptocurrency market, and his ongoing accumulation of EIGEN may influence future market sentiment.
