9-Minute Liquidity Drain Whale Pulls 33.6M $EIGEN Off the Board.
a highly coordinated, large-scale extraction of $EIGEN liquidity from Coinbase, unfolding over a tight 9-minute window.
(6 to 9 mins ago): Coinbase actively prepared for a massive withdrawal by routing internal liquidity into its hot wallet.
This included pulling 10.66M EIGEN from cold storage, 6.58M from internal wallets, and 5.73M from deposit addresses.
A staggering 33.644M EIGEN (valued at ~$6.06M) was processed out of the Coinbase Hot Wallet to an intermediate address (0xd3982...).
The entire 33.64M token chunk was transferred once more, settling into a new, unlabelled private wallet (0x7C876...).
Unlike internal exchange rebalancing, this specific sequence strongly indicates a massive entity likely a whale or institutional buyer taking self-custody of over $6 million in $EIGEN .
#eigen
a highly coordinated, large-scale extraction of $EIGEN liquidity from Coinbase, unfolding over a tight 9-minute window.
(6 to 9 mins ago): Coinbase actively prepared for a massive withdrawal by routing internal liquidity into its hot wallet.
This included pulling 10.66M EIGEN from cold storage, 6.58M from internal wallets, and 5.73M from deposit addresses.
A staggering 33.644M EIGEN (valued at ~$6.06M) was processed out of the Coinbase Hot Wallet to an intermediate address (0xd3982...).
The entire 33.64M token chunk was transferred once more, settling into a new, unlabelled private wallet (0x7C876...).
Unlike internal exchange rebalancing, this specific sequence strongly indicates a massive entity likely a whale or institutional buyer taking self-custody of over $6 million in $EIGEN .
#eigen