Just an hour ago, well-known Ethereum user boby1337.eth (@0xBoby1337) made headlines by withdrawing 2.4 million EIGEN tokens valued at $7.8 million from Binance.
This latest transaction comes on the heels of a significant activity streak, indicating that boby1337 is actively reshuffling his assets.
In the past five days alone, he has deposited 6,320 ETH, worth approximately $16.45 million, into Binance. This recent influx of EIGEN tokens likely stems from profits generated after his ETH transactions.
On October 5, boby1337 previously withdrew 1 million EIGEN (approximately $3.63 million) from the exchange. Following that withdrawal, he staked 3.01 million EIGEN (valued at around $10.9 million) into EigenLayer. The breakdown of his stake shows that 1 million EIGEN was withdrawn from Binance, while the remaining 2.01 million were acquired through airdrops.
Since the start of October, boby1337 has pulled out a total of 3.4 million EIGEN (approximately $11.43 million) from Binance, with an average price of $3.36 per token.
This series of strategic withdrawals and deposits suggests that boby1337 is capitalizing on favorable market conditions, positioning himself for future gains. As the cryptocurrency landscape continues to evolve, traders like boby1337 highlight the dynamic strategies being employed by active participants in the market. His movements not only reflect personal investment tactics but also serve as a bellwether for broader trends in asset allocation among cryptocurrency investors.
◎ Currently, he holds 5.454 million EIGEN ($17.51M).
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: loft39studio/123RF // Image Effects by Colorcinch
The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…
The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…
The memecoin craze is evolving, and a new wave of contenders is rising. With fresh…
As Ethereum's value inches toward unprecedented heights, another digital asset is set to make a…
Meme coins are the wild cards of the crypto world—one day they're "to the moon,"…
As temperatures drop, the crypto market is heating up with anticipation. This winter could witness…