A whale holding Eigenlayer, affected by the general decline in the crypto markets, deposited a large amount of EIGEN into Binance after making a profit of $596,000 in just 4 days.
According to the Spot On Chain data from the chain analysis platform, an unnamed crypto whale recently invested a total of 8 million Eigenlayer (EIGEN) ($10.1 million) into the Binance exchange. This move by the whale revealed that after just 4 days of investment, it made approximately $596,000 in profit with a rise of 6.34%. This transaction became a new example of cryptocurrency investors' short-term high-profit strategies.
After this sale, the whale continues to hold 10.9 million EIGEN ($13.5 million). It is currently reported that it has also realized approximately $712,000 in unrealized profit from these assets.
The whale's sale coincided with a period when the EIGEN price experienced a sharp decline along with general market movements. The token price has lost 1.1% in value over the last 24 hours.