EigenLayer

<p>In a surprising turn of events, a famous crypto whale has gained significant attention from the community after experiencing a huge loss in the trade of $EIGEN coins. As per Lookonchain, a popular <a href="https://blockchainreporter.net/glossary/on-chain/" rel="noopener noreferrer nofollow">on-chain</a> analytics provider, the whale has recently traded a big portion of the $EIGEN tokens at a substantial loss, irrespective of having made several smart investments. The analytics platform provided the details of this incident on its official social media account on X.</p><h2 id="header-0">Whale Goes Through a Huge Loss While Trading the $EIGEN Tokens</h2><p>Lookonchain pointed out that the whale started accumulating the $EIGEN coins back on the 3rd and 4th of this month. In this respect, the whale reportedly spent up to 1,360 $ETH with a value of nearly $3.24M to buy 909,000 $EIGEN coins. The sale witnessed an average price of up to $3.56 for each token. Nonetheless, the market went in the opposite direction shortly after that to surprise the whale.</p><h2 id="header-1">The Current $EIGEN Holdings of the Crypto Whale Account for Just 139,800 Coins</h2><p>While keeping that in view, the whale reportedly planned to offload the <a href="https://www.eigenlayer.xyz/" rel="noopener noreferrer nofollow">$EIGEN</a> holdings thereof to a great extent. Hence, in the next few days, the whale traded 772,000 $EIGEN tokens in return for 988.5 $ETH coins. These $ETH tokens had a value of almost $2.39M. This development paved the way for a cumulative loss of approximately $407,000. The whale presently retains a minor holding of just 139,800 $EIGEN tokens, accounting for $449,000.</p>

Crypto Whale Takes Major Hit on $EIGEN Trade: A Lesson for Investors

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