EigenLayer’s highly anticipated native token EIGEN has launched, with its price jumping nearly 15% on its debut to reach a peak of $4.53.

While major exchanges such as Binance and Coinbase made consecutive listing announcements for EIGEN, Tron founder Justin Sun, one of the largest holders, began unloading the EIGEN tokens he received in airdrops.

Justin Sun moved 5.37 million EIGEN, which raises the question of whether this will cause a collapse in the price of EIGEN.

Justin Sun Claims His EIGENs!

Tron founder Justin Sun received over $38.74 million in EigenLayer airdrops on his way to Ethereum ReStaking.

According to a post by on-chain analyst EmberCN, Justin Sun withdrew 5,374,267 EIGEN tokens from six addresses.

Justin Sun transferred 5.37M EIGEN to HTX.

Currently, EIGEN is valued at around $4 on over-the-counter markets. The token is scheduled to be listed on Binance, Coinbase, OKX, and Bybit on October 1.

Justin Sun could make over $22.19 million in profit from EIGEN if he sells at the current market price.

再质押赛道龙头 EigenLayer ($EIGEN) @eigenlayer 即将在今天下午 1 点上线各大 CEX，孙哥等 ETH 存款巨鲸也将迎来收获时间。

孙哥在昨天晚上 (14 小时前) 已经通过 6 个地址领取了 5,374,267 枚 EIGEN，按照目前 4U 的场外价格，价值高达 2149 万 U。

本文由 #Bitget｜@Bitget_zh 赞助 pic.twitter.com/WyyNGiWOzE

— 余烬 (@EmberCN) October 1, 2024

*This is not investment advice.