Significant $EIGEN Whale Activity and Upcoming Token Unlock
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According to @0xScopescan, a large holder, commonly referred to as a 'whale', is selling $EIGEN tokens at $3.2, despite having acquired them at an average cost of $3.5. This indicates a potential bearish sentiment or a need for liquidity. Additionally, there is a significant event on the horizon with $31 million worth of $EIGEN set to be unlocked in two days. This could lead to increased supply and potential price volatility. Traders should monitor these developments closely.
SourceScopescan
@0xScopescanScopescan (The mightiest tool you need to discover on-chain insights)