Justin Sun, a well-known figure in the cryptocurrency world, has recently deposited 5.24 million $EIGEN tokens to the HTX exchange. The value of these tokens is around $21.5 million, according to Spot On Chain. This move comes just hours after the $EIGEN token was listed on major exchanges, attracting attention in the crypto community.
$EIGEN Tokens Draw Attention Following Sun’s Significant Deposit
The $EIGEN tokens were claimed from EigenLayer via five distinct wallet addresses within the past 24 hours. This large deposit may be made in order to sell these $EIGEN token. Justin Sun is one of the most famous personalities in the crypto sphere and his actions impact the $EIGEN market and investors.
The listing of $EIGEN across various platforms has attracted attention and Sun’s large deposit can increase the token circulation and demand. People are curious to know how this market will respond to this new token. Because Sun is well known and has several success stories in the crypto space.
Investors Urged to Monitor $EIGEN as Justin Sun Influence Grows
EigenLayer helps users stake their assets and gain extra profit, so it is beneficial for investors. Recent activity involving $EIGEN reveals the increasing attention that investors pay to new ideas in the sphere of blockchain technologies.
Therefore, Justin Sun and his activities in the $EIGEN project can be considered one of the main factors affecting the further development of the crypto market. His deposits and transactions are always very tight and this recent one is confirmation of his active participation in new crypto projects.
Overall, based on the information provided by Spot On Chain, the actions of Sun in recent days could affect the trading situation for $EIGEN in the future. Therefore, investors should monitor events affecting this token as it becomes more popular in various exchanges.
