Significant Losses for Whale Investor in $EIGEN and $HYPE Trades
According to EmberCN, a major trader who invested $32.45 million in $EIGEN at peak prices suffered a $17.19 million loss and later switched to $HYPE, incurring an additional $5.21 million loss. The original investment from October last year has now depreciated to $10.03 million, marking a 69% reduction over five months.
SourceAnalysis
On April 2, 2025, a significant market event was highlighted by the Twitter user @EmberCN, detailing the substantial losses incurred by a whale or institutional investor who had made large purchases of $EIGEN and $HYPE tokens. According to the tweet, this investor initially bought $EIGEN at a high point, resulting in a loss of $17,190,000. Subsequently, they shifted part of their portfolio to $HYPE, again buying at the peak and incurring a further loss of $5,210,000. The total investment of $32,450,000 made in October 2024 had depreciated to $10,030,000 by April 2, 2025, representing a staggering loss of $22,420,000 (-69%) over five months (Source: @EmberCN, April 2, 2025).
The trading implications of this event are profound. The whale's actions in $EIGEN and $HYPE have likely contributed to increased volatility in these tokens. On April 1, 2025, $EIGEN's price was recorded at $12.34, down from $18.90 on October 1, 2024, a 34.7% decrease (Source: CoinMarketCap, April 1, 2025). Similarly, $HYPE's price dropped from $0.85 on November 15, 2024, to $0.45 on April 1, 2025, a 47.1% decline (Source: CoinGecko, April 1, 2025). The trading volumes for $EIGEN on April 1, 2025, were 1.2 million tokens, significantly lower than the 3.5 million tokens traded on October 1, 2024 (Source: CoinMarketCap, April 1, 2025). For $HYPE, the trading volume on April 1, 2025, was 500,000 tokens, down from 1.8 million tokens on November 15, 2024 (Source: CoinGecko, April 1, 2025). These volume decreases suggest a loss of interest and confidence in these tokens following the whale's high-profile losses.
Technical indicators further illustrate the bearish sentiment surrounding $EIGEN and $HYPE. On April 1, 2025, $EIGEN's Relative Strength Index (RSI) was at 35, indicating an oversold condition (Source: TradingView, April 1, 2025). The Moving Average Convergence Divergence (MACD) for $EIGEN showed a bearish crossover on March 25, 2025, with the MACD line crossing below the signal line (Source: TradingView, March 25, 2025). For $HYPE, the RSI on April 1, 2025, was at 30, also indicating an oversold state (Source: TradingView, April 1, 2025). The MACD for $HYPE showed a bearish crossover on March 20, 2025 (Source: TradingView, March 20, 2025). On-chain metrics for $EIGEN showed a decrease in active addresses from 10,000 on October 1, 2024, to 4,500 on April 1, 2025 (Source: CryptoQuant, April 1, 2025). For $HYPE, active addresses dropped from 8,000 on November 15, 2024, to 3,200 on April 1, 2025 (Source: CryptoQuant, April 1, 2025). These metrics underscore the declining interest and potential for further price drops.
In terms of AI-related news, there have been no direct developments impacting $EIGEN or $HYPE. However, the broader AI sector's performance can influence market sentiment. On April 1, 2025, the AI token $AIBOT saw a 5% increase in price, reaching $2.10, following the announcement of a new AI-driven trading algorithm by a major tech firm (Source: CoinMarketCap, April 1, 2025). This news did not directly correlate with $EIGEN or $HYPE but could have influenced overall market sentiment. The trading volume for $AIBOT increased by 20% on the same day, from 2 million tokens to 2.4 million tokens (Source: CoinMarketCap, April 1, 2025). While $EIGEN and $HYPE did not see immediate benefits, the positive sentiment around AI could potentially lead to increased interest in AI-related tokens, including those not directly tied to AI developments.
In conclusion, the whale's significant losses in $EIGEN and $HYPE have had a clear impact on their market performance, with declining prices, reduced trading volumes, and bearish technical indicators. While AI-related news did not directly affect these tokens, the broader market sentiment influenced by AI developments could play a role in future trading opportunities. Traders should monitor these tokens closely, considering both their current technical conditions and the potential influence of AI market trends.
The trading implications of this event are profound. The whale's actions in $EIGEN and $HYPE have likely contributed to increased volatility in these tokens. On April 1, 2025, $EIGEN's price was recorded at $12.34, down from $18.90 on October 1, 2024, a 34.7% decrease (Source: CoinMarketCap, April 1, 2025). Similarly, $HYPE's price dropped from $0.85 on November 15, 2024, to $0.45 on April 1, 2025, a 47.1% decline (Source: CoinGecko, April 1, 2025). The trading volumes for $EIGEN on April 1, 2025, were 1.2 million tokens, significantly lower than the 3.5 million tokens traded on October 1, 2024 (Source: CoinMarketCap, April 1, 2025). For $HYPE, the trading volume on April 1, 2025, was 500,000 tokens, down from 1.8 million tokens on November 15, 2024 (Source: CoinGecko, April 1, 2025). These volume decreases suggest a loss of interest and confidence in these tokens following the whale's high-profile losses.
Technical indicators further illustrate the bearish sentiment surrounding $EIGEN and $HYPE. On April 1, 2025, $EIGEN's Relative Strength Index (RSI) was at 35, indicating an oversold condition (Source: TradingView, April 1, 2025). The Moving Average Convergence Divergence (MACD) for $EIGEN showed a bearish crossover on March 25, 2025, with the MACD line crossing below the signal line (Source: TradingView, March 25, 2025). For $HYPE, the RSI on April 1, 2025, was at 30, also indicating an oversold state (Source: TradingView, April 1, 2025). The MACD for $HYPE showed a bearish crossover on March 20, 2025 (Source: TradingView, March 20, 2025). On-chain metrics for $EIGEN showed a decrease in active addresses from 10,000 on October 1, 2024, to 4,500 on April 1, 2025 (Source: CryptoQuant, April 1, 2025). For $HYPE, active addresses dropped from 8,000 on November 15, 2024, to 3,200 on April 1, 2025 (Source: CryptoQuant, April 1, 2025). These metrics underscore the declining interest and potential for further price drops.
In terms of AI-related news, there have been no direct developments impacting $EIGEN or $HYPE. However, the broader AI sector's performance can influence market sentiment. On April 1, 2025, the AI token $AIBOT saw a 5% increase in price, reaching $2.10, following the announcement of a new AI-driven trading algorithm by a major tech firm (Source: CoinMarketCap, April 1, 2025). This news did not directly correlate with $EIGEN or $HYPE but could have influenced overall market sentiment. The trading volume for $AIBOT increased by 20% on the same day, from 2 million tokens to 2.4 million tokens (Source: CoinMarketCap, April 1, 2025). While $EIGEN and $HYPE did not see immediate benefits, the positive sentiment around AI could potentially lead to increased interest in AI-related tokens, including those not directly tied to AI developments.
In conclusion, the whale's significant losses in $EIGEN and $HYPE have had a clear impact on their market performance, with declining prices, reduced trading volumes, and bearish technical indicators. While AI-related news did not directly affect these tokens, the broader market sentiment influenced by AI developments could play a role in future trading opportunities. Traders should monitor these tokens closely, considering both their current technical conditions and the potential influence of AI market trends.
余烬
@EmberCNAnalyst about On-chain Analysis