GCR Claims $1M EIGEN Airdrop: Is a Massive Sell-Off Coming?

In a recent blockchain transaction that caught the attention of the crypto community, GiganticRebirth (GCR), a well-known figure in the digital asset space, claimed an impressive airdrop of 253,946 EIGEN tokens, valued at approximately $1.06 million. Just 40 minutes later, they swiftly transferred the entire sum to Binance.

What does this mean for EIGEN? Traders are left wondering if a huge sell-off is imminent!

EIGEN Token Gains Momentum

The EIGEN token, linked to Ethereum and the innovative restaking idea, is making waves following its recent listing on big exchanges like Binance. This move is expected to push EIGEN’s trading volume and boost price movements. A significant point of interest is the 86 million tokens airdropped to early users.

According to data from blockchain analytics platform Lookonchain, GCR leveraged seven separate wallets to claim a massive 253,946 EIGEN tokens. Valued at over $1.06 million, GCR wasted no time and transferred the entire haul to Binance within 40 minutes—a move that has the crypto community buzzing with speculation.

GCR’s swift actions have sparked rumors about a potential sell-off. Traders are keeping a close eye on Binance, waiting to see whether this large transfer will lead to a price dump.

In the crypto space, big token holders, especially those who receive massive airdrops, often face intense market scrutiny.

What’s Next for EIGEN?

At present, EIGEN is trading at approximately $3.83, marking a 3.4% increase in the last 24 hours, with a market cap of $715 million. The market is now watching GCR’s next steps closely—will this major transfer influence EIGEN’s price further? The crypto world waits in anticipation.

What do you think GCR’s plans are? Will there be a sell-off? Share your thoughts.