Whale Invests $10.44 Million in EIGEN, Becoming Second Largest Holder After ETH

On November 21st, COINOTAG News reported significant movements in the cryptocurrency market as a notable whale, possessing assets totaling $200 million, made strategic investments. Over the past eight days, this investor has acquired 3,391 ETH—equivalent to approximately $10.44 million—to secure 4.483 million EIGEN. This acquisition propels the whale’s total holdings to 5.04 million EIGEN, valued at around $11.14 million, solidifying its position as the second largest holder after Ethereum. The whale’s latest transaction occurred just an hour ago, indicating a proactive approach to asset management and accumulation. Such large-scale purchases can have significant implications for market liquidity and investor sentiment, as they reflect confidence in the potential growth and utility of EIGEN in the evolving crypto landscape.