Justin Sun recently acquired 3.62 million $EIGEN tokens from EigenLayer’s unlocked supply, valued at $14.1 million, and swiftly deposited them into Binance at an average price of approximately $3.89.
Since EigenLayer’s listing on October 1, Sun, through his handle @justinsuntron, has accumulated a total of 8.86 million $EIGEN tokens, amounting to $35.61 million, at an average purchase price of $4.02.
Justin Sun received another 3.62M $EIGEN ($14.1M) from EigenLayer’s 9.93M token unlock last night and deposited it all to Binance at ~$3.89.
Since the @eigenlayer listing on Oct 1, @justinsuntron has claimed and deposited a total of 8.86M $EIGEN ($35.61M) to #Binance at an… https://t.co/fMsVUskqMs pic.twitter.com/G9PsRzKb9y
— Spot On Chain (@spotonchain) October 9, 2024
Over the past 30 hours, two newly identified wallets, likely owned by the same individual, executed substantial purchases of $EIGEN. Wallet address 0x45cE invested 1,234 $ETH (equivalent to $3.01 million) to acquire 791,845 $EIGEN at a price of $3.8 per token.
Simultaneously, address 0x2425 spent 1,237 $ETH (about $3.02 million) to purchase 835,391 $EIGEN tokens priced at $3.61 each. This surge in buying activity has driven $EIGEN’s price upwards, now approaching the critical resistance level of $4, beyond which further price escalation is anticipated.
2 fresh wallets (likely belonging to the same person) spent 2,471 $ETH($6.03M) to buy 1.63M $EIGEN in the past 30 hours.
0x45cE spent 1,234 $ETH($3.01M) to buy 791,845 $EIGEN at $3.8.https://t.co/JYLX4d9dNI
0x2425 spent 1,237 $ETH($3.02M) to buy 835,391 $EIGEN at $3.61.… pic.twitter.com/ENb1OyCsqJ
— Lookonchain (@lookonchain) October 9, 2024
One Key Market Marker Makes Notable $EIGEN Withdrawal
In a notable development, Galaxy Digital, one of the key market makers for $EIGEN, withdrew 470,000 tokens ($1.75 million worth) from Binance just three hours ago. Since this withdrawal, $EIGEN has surged by nearly 8%, climbing from $3.71 to over $4. Galaxy Digital had previously received 1.43 million market-making tokens on October 1, and its associated address had remained inactive for a week before today’s significant operation.
EIGEN 三大做市商之一 Galaxy Digital 三小时前从 #Binance 提出 47 万枚 $EIGEN ，价值 175 万美金；自提出以来，EIGEN 已上涨近 8%($3.71 > $4)📈
Galaxy Digital 曾在 10.01 收到 143 万枚做市代币，且该地址在今天操作前已有一周时间没有过交互
做市地址 https://t.co/jsxOhT3PIW https://t.co/anvo4fs0VF pic.twitter.com/PMozOipZFj
— Ai 姨 (@ai_9684xtpa) October 9, 2024
The recent movements surrounding $EIGEN highlight a dynamic market response, with Justin Sun’s active involvement and strategic deposits contributing to the token’s current price momentum and anticipated future performance.
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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