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On-chain data reveals a significant EIGEN token movement across Uniswap, with an unnamed wallet conducting notable transactions within minutes. At 17:05, approximately 5.93 million EIGEN tokens (valued at roughly $2.124 million) moved from wallet 0x4817A… into Uniswap's liquidity pools. Minutes later at 17:09, the decentralized exchange processed an outbound transfer of 5.85 million EIGEN (approximately $2.098 million) from the platform to wallet 0xC2C39….
The back-to-back transactions suggest deliberate liquidity activity around EIGEN, which currently trades at $0.34 per token. The slight difference between inflow and outflow amounts indicates either slippage from the swap or a partial redemption pattern. Given EIGEN's market position, this magnitude of trading volume moved through a single venue warrants attention from traders monitoring whale activity and DEX dynamics.