In a significant maneuver within the crypto market, the address smartestmoney.eth has executed a transfer of 1.307 million EIGEN tokens to Binance, reflecting a transaction valued at approximately $5.09 million. This transfer follows the acquisition of these tokens earlier this month at an average price of $2.54 per token. Over recent weeks, EIGEN has exhibited a notable price increase, currently trading at around $3.95, providing a tangible opportunity for profit. Should smartestmoney.eth decide to liquidate these holdings, the projected profit from this investment could amount to a substantial $1.84 million. The movements of this address are being closely monitored by market analysts, highlighting the potential impacts of such transactions on EIGEN’s market dynamics.
Source: https://en.coinotag.com/breakingnews/smartestmoney-eth-transfers-1-3-million-eigen-tokens-to-binance-potentially-making-1-84-million-profit/