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Justin Sun Cashes In 5.24 Million EIGEN Tokens After Airdrop

Justin Sun Cashes In 5.24 Million EIGEN Tokens

In a significant move in the crypto markets, Justin Sun claimed all his EIGEN tokens from the EigenLayer liquid restaking protocol on Tuesday. He executed this transaction through five different addresses, subsequently transferring the tokens to the HTX digital currency trading platform.

Details of the EIGEN Token Transfer

The EIGEN token serves as the native asset for the EigenLayer ecosystem, recognized as a leading restaking protocol on the Ethereum blockchain. This development comes amidst heightened interest in the EIGEN token following its recent listings on various tier-one exchanges.

Transaction Insights

According to Spotonchain, Justin Sun deposited all 5.24 million EIGEN tokens to HTX during the early hours of the Asian session. This transaction took place shortly after the EIGEN token made its debut on major exchanges, including Binance. WuBlockchain has backed this report, confirming the details.