Justin Sun recently acquired $3.62 million worth of EIGEN tokens worth $14.1 million from EigenLayer’s unlocked supply and quickly deposited them into Binance at an average price of around $3.89.
Since EigenLayer’s listing on October 1st, Sun, through the handle @justinsuntron, has accumulated $8.86 million in EIGEN tokens, representing a total of $35.61 million at an average purchase price of $4.02.
Justin Sun received an additional 3.62 million yen $Eigen Last night we unlocked ($14.1 million) out of EigenLayer’s 9.93 million tokens and deposited it all onto Binance for ~$3.89.
Since then, @eigenlayer Listed on October 1st @justinsuntron Claimed and deposited a total of 8.86 million $Eigen (from $35.61 million) #Binance So… https://t.co/fMsVUskqMs pic.twitter.com/G9PsRzKb9y
— Spotonchain (@spotonchain) October 9, 2024
Over the past 30 hours, two newly identified wallets, likely owned by the same person, have made large purchases of $EIGEN. Wallet address 0x45cE invested 1,234 $ETH (equivalent to $3.01 million) and obtained 791,845 $EIGEN at a price of $3.8 per token.
At the same time, address 0x2425 spent 1,237 $ETH (approximately $3.02 million) to purchase 835,391 $EIGEN tokens at $3.61 each. This surge in buying activity has pushed $EIGEN’s price higher and it is now approaching the key resistance level of $4, above which further price appreciation is expected.
Spent 2,471 on two new wallets (likely from the same person) $ETH($6.03 million) to purchase 1.63 million $Eigen Within the last 30 hours.
0x45cE spent 1,234 $ETH($3.01M) Purchased 791,845 $Eigen $3.8. https://t.co/JYLX4d9dNI
0x2425 1,237 spent $ETH($3.02M) Purchased 835,391 $Eigen For $3.61… pic.twitter.com/ENb1OyCsqJ
— Lookonchain (@lookonchain) October 9, 2024
Notable $EIGEN withdrawal due to one major market marker
In a notable development, Galaxy Digital, one of the main market makers for $EIGEN, withdrew 470,000 tokens (worth $1.75 million) from Binance just three hours ago. Since this exit, $EIGEN has soared nearly 8%, rising from $3.71 to over $4. Galaxy Digital had previously received 1.43 million market-making tokens on October 1st, but its associated address remained inactive for a week before today’s large-scale operation.
EIGEN 三大做市商之一 Galaxy Digital 3 hours ago #Binance Proposal 470,000 pieces $Eigen ，价值 175 million gold; Since self-submission, EIGEN Minami 8% ($3.71 > $4)📈
Galaxy Digital was on 10.01 and received 1.43 million copies, and the current exchange rate was the same as before the operation.
City site https://t.co/jsxOhT3PIW https://t.co/anvo4fs0VF pic.twitter.com/PMozOipZFj
— Ai (@ai_9684xtpa) October 9, 2024
Recent developments surrounding $EIGEN highlight a dynamic market reaction, with Justin Sun’s active involvement and strategic deposits contributing to the token’s current price momentum and expected future performance. I’m doing it.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.
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Image source: burdyak/123RF // Image effect by Colorcinch
