Whale Moves $8M in EIGEN to Binance After Quick Profit
A whale deposits $8M in EIGEN to Binance after 4 days, locking in a $596K profit amid a broader market dip.
- Whale sends $8M in EIGEN to Binance after 4 days
- $596K profit realized; $712K still unrealized
- EIGEN drops 11.2% as markets pull back
Whale Scores Quick Profit with $8M EIGEN Binance Move
In a bold and profitable play, a crypto whale has deposited 8 million EIGEN tokens—worth approximately $10.1 million—to Binance just four days after acquiring them. The transaction, flagged by on-chain tracking platform Spot On Chain, suggests the investor likely walked away with a tidy $596,000 profit, a 6.34% gain in less than a week.
This move has drawn attention not just because of the size of the deposit, but because it comes during a broader market downturn. While many traders are bracing for losses, this whale seems to have timed the market just right.
Still Holding $13.5M in EIGEN
Despite offloading a substantial portion of their holdings, the whale hasn’t fully exited the position. They still hold 10.9 million EIGEN, valued at around $13.5 million, with an estimated $712,000 in unrealized gains. This indicates continued confidence in the token or perhaps a strategy to stagger exits for maximum profit.
These kinds of moves are not uncommon among seasoned crypto whales, who often use precise timing, deep liquidity pools, and exchange access to capitalize on short-term market swings.
EIGEN Price Dips Despite Whale Activity
Interestingly, the EIGEN token has fallen 11.2% in the past 24 hours, aligning with a broader crypto market pullback. Some analysts believe the whale’s sell-off may have contributed to this decline, while others point to wider market weakness as the main driver.
Either way, the whale’s swift action and notable profit serve as a reminder of the strategic plays that can shape token trajectories—especially in volatile conditions.
As market watchers follow this wallet’s next moves, platforms like Spot On Chain are proving valuable for tracking and understanding the influence of whale activity.
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