Trader is trying to average down EIGEN investment

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English

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Apr 02, 06:35

Auto generation

Trader is trying to average down EIGEN investment

Inflow

Related addresses

0x8ffcf07a59631f0578f3e84b51c48cf0deadcd95

Total tokens transferred

100K

USDC

117.631K

EIGEN

Related transactions

Cow Protocol

0x8ffcf07a59631f0578f3e84b51c48cf0deadcd95

Apr 02, 06:19

Trader 0x8ff just spent another 100K USDC to buy 117,631 EIGEN at $0.85:

transaction: 0x38e8270137bffe5bc39e2142c3e9fbd63451b6217fe843d4027cf9374fc6018f
address: 0x8ffcf07a59631f0578f3e84b51c48cf0deadcd95

Overall, this trader has spent 465,287 USDC to buy 508,951 EIGEN at an average price of $0.914 over the past 4 days, allegedly trying to average down its investment.

The EIGEN price dropped an additional 10% today and has overall decreased by 30% over the past 7 days.

Fig 1. The EIGEN purchasing history of Trader 0x8ff.

#eigen

#eigen layer

#buy

#price drop

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Trader 0x8ff is trying to average down EIGEN investment

Last synced: Apr 02, 06:51

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2025 Mar 25 - 11:27

Whale with a $2M loss (-69%) further sold EIGEN

Whale 0xce0 just further sold 389,523 EIGEN ($457K) for 5.21 WBTC. Over the past 24 hours, this whale has sold 780,132 EIGEN ($919K) for WBTC and ETH at a $2.01M loss (-69%) after holding and staking them for 5.5 months.

2025 Mar 24 - 11:33

Whale closed EIGEN trade with a $651K loss (-65%) after 5.5 months

Whale 0xce0 just unstaked and sold all 296,586 EIGEN ($351K) for 3.984 WBTC, closing its 5.5-month-old first EIGEN trade with an estimated loss of $651K (-65%).

2025 Feb 12 - 08:40

Whale lost $1.09M (-61.6%) after holding EIGEN for 4 months

Whale 0x464 just sold all 421,646 EIGEN for 677,532 USDC at an average price of $1.607, losing $1.09M (-61.6%) after 4 months. The EIGEN price dropped 10.59% in the past 24 hours.