COINOTAG News reported on October 7 that on-chain monitoring by The Data Nerd observed an address withdraw 2 million EIGEN from Binance, valued at roughly $3.94 million at the time of transfer.
Blockchain scans indicate the same wallet now holds about 6 million EIGEN (approximately $11.82 million), reflecting an estimated unrealized gain near $2.88 million based on prevailing market prices.
Large off-exchange movements by a crypto whale can affect liquidity and order-book dynamics; institutional investors and traders should rely on ongoing on-chain monitoring and execution risk controls rather than unverified attribution.