Winslow Strong, director at the Qualia Research Institute, reportedly sold his remaining 704,902 EIGEN tokens, valued at approximately $2.23 million, through transactions with Amber Group and CowSwap.

Recent trades included swapping 10,000 EIGEN tokens for 31,553 USDC via CowSwap and depositing 694,902 EIGEN (about $2.195 million) to Amber Group’s Binance deposit address.

Between October 1 and November 3, 2024, Strong had acquired a total of 754,902 EIGEN tokens, primarily from EigenLayer on its launch day.

Records suggest he sold these tokens through Coinbase, Binance, and CowSwap at an average price of $3.142 each, totaling around $2.37 million. His last recorded sales occurred on October 31 and November 8.

Beyond his recent EIGEN liquidation, Strong has also sold small quantities of SWELL and ETHFI, two other “retaking” tokens, signaling broader divestment across his portfolio. The timing aligns with a recent price rally for EIGEN, which saw a 17.58% boost within the past 24 hours, adding intrigue to the market’s response to Strong’s selloff.

Strong’s trades have drawn attention as they coincide with EIGEN’s notable price movements, underscoring his influence within the market. His divestments, coupled with EIGEN’s price rally, leave some investors questioning the future direction of the token.

As market observers await further activity from Strong and his portfolio, EIGEN’s price fluctuations and Strong’s investment moves remain closely watched.

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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