Whale Invests $10.44 Million in EIGEN, Becoming Second Largest Holder After ETH

WikiBit 2024-11-21 13:53

On November 21st, COINOTAG News reported significant movements in the cryptocurrency market as a notable whale, possessing assets totaling $200 million,

On November 21st, COINOTAG News reported significant movements in the cryptocurrency market as a notable whale, possessing assets totaling $200 million, made strategic investments.

Over the past eight days, this investor has acquired 3,391 ETH—equivalent to approximately $10.44 million—to secure 4.483 million EIGEN.

This acquisition propels the whales total holdings to 5.04 million EIGEN, valued at around $11.14 million, solidifying its position as the second largest holder after Ethereum.

The whales latest transaction occurred just an hour ago, indicating a proactive approach to asset management and accumulation.

Such large-scale purchases can have significant implications for market liquidity and investor sentiment, as they reflect confidence in the potential growth and utility of EIGEN in the evolving crypto landscape.

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