A notable transaction occurred two hours ago when address 0x4b4…452db airdropped 365,000 $EIGEN tokens, valued at $1.34 million, into Binance, raising suspicions of a potential sell-off.

This same address had received 536,000 $EIGEN tokens through an airdrop from P2P.org a week ago and has been gradually moving smaller amounts to exchanges over the past three days. As of now, the address holds 159,000 $EIGEN, equivalent to approximately $590,000.

地址 0x4b4…452db 两小时前将 36.5 万枚 $EIGEN 空投充值进 #Binance,价值 134 万美金,疑似抛售

该地址一周前从 https://t.co/itQE7lp4qY 申领到 53.6 万枚空投,三天前开始小额向交易所转移,目前还剩余 15.9 万枚(59 万美金)

EIGEN 近 24 小时已下跌 9%钱包地址 https://t.co/JtIV9LHnBG https://t.co/k7RJSfrFAs pic.twitter.com/FlgrbCAZl7

— Ai 姨 (@ai_9684xtpa) October 10, 2024

In parallel, $EIGEN has dropped 9% in the last 24 hours, reflecting market concerns. Meanwhile, a newly created address has been actively purchasing EIGEN tokens. Over the past day, this address spent 3.013 million USDC to acquire 791,000 EIGEN at an average price of $3.80 per token. The buyer first converted ETH to USDC, then used the ETH to purchase EIGEN, ultimately transferring the tokens to address 0x051…8d3.

过去一天里,一新建地址在链上花费了 301.3 万 USDC 买入 79.1 万枚 EIGEN,均价 $3.8。

他先将 USDC 买成 ETH,然后用 ETH 买入 EIGEN。最后将 EIGEN 转移至 0x051…8d3 地址。

购买地址:0x45ce1f66d8cc1ee9ab80287b0b0e1fb7e214cba4
EIGEN 存放地址:0x051c563c681e8148a03c0dfc81f5575368f918d3… pic.twitter.com/SlgeQgRVmb

— 余烬 (@EmberCN) October 9, 2024

$EIGEN Token Increased Trading Activity 

The $EIGEN token, connected to the EigenLayer protocol, has seen increased trading activity and market volatility as it recently became listed on major exchanges, including Binance, Coinbase, and OKX. The protocol’s Total Value Locked (TVL) has surged past $10 billion, signaling strong interest from the DeFi community.

GoPlus Alert@eigenlayer Total Value Locked (TVL) has surpassed $10 billion, and $EIGEN token is now listed on major exchanges like Binance, Coinbase, and OKX. Due to its growing popularity, it has become a prime target for phishing attacks. Some users have already lost… pic.twitter.com/R3Qb43CyHH

— GoPlus Security (@GoPlusSecurity) October 10, 2024

However, with this newfound popularity comes heightened risk. EigenLayer has become a target for phishing attacks, with some users losing millions by clicking on fraudulent airdrop links or mistakenly signing malicious wallet permissions. To safeguard assets, users are advised to verify official links and thoroughly check wallet signatures to avoid falling victim to scams.

As interest in EIGEN grows, investors should remain cautious, balancing enthusiasm with diligence in the face of evolving security threats.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: maximusnd/123RF // Image Effects by Colorcinch

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