
{"id":12690,"date":"2024-10-09T17:50:53","date_gmt":"2024-10-09T17:50:53","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=12690"},"modified":"2024-10-09T17:50:53","modified_gmt":"2024-10-09T17:50:53","slug":"some-pepe-whales-selling-eigen-at-a-loss-could-they-be-switching-to-new-tokens-like-crypto-all-stars","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=12690","title":{"rendered":"Some Pepe Whales Selling Eigen at a Loss, Could They Be Switching to New Tokens Like Crypto All-Stars?"},"content":{"rendered":"<p>One whale investor is offloading their EigenLayer (EIGEN) at a loss.<\/p>\n<p>A famous investor who made a fortune by investing in Pepe (PEPE) has decided to sell their EIGEN tokens rather than hold them.<\/p>\n<p>And the big question everyone\u2019s asking is: where\u2019s all that money heading next?<\/p>\n<h2>Whale Dumps EIGEN &amp; Takes $470K Loss<\/h2>\n<p>According to blockchain tracker Lookonchain, the whale investor dropped 1,360 ETH (around $3.2 million)<a href=\"https:\/\/x.com\/lookonchain\/status\/1842891044884750612\" target=\"_blank\" rel=\"noopener\"> on 909,000 EIGEN tokens<\/a> earlier this month.<\/p>\n<p>They paid around $3.56 per token.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/10\/Picture1-9.png\"><\/a><\/p>\n<p>However, the whale has begun selling their holdings already.<\/p>\n<p>So far, they\u2019ve offloaded 772,000 EIGEN tokens, taking home 988.5 ETH ($2.3 million) at a lower price of $3.10 per token.<\/p>\n<p>That amounts to a loss of around $407,000.<\/p>\n<p>The whale is still holding onto nearly 140,000 EIGEN, worth around $449,000, but it seems like they\u2019re ready to cut their losses.<\/p>\n<p>This decision has generated a lot of attention.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/10\/Picture2-9.png\"><\/a><\/p>\n<p>After all, this is the same whale who<a href=\"https:\/\/x.com\/lookonchain\/status\/1793851280131285336\" target=\"_blank\" rel=\"noopener\"> turned $23 million into $65 million<\/a> in just a year by trading PEPE, ONDO, and BEAM.<\/p>\n<p>Selling EIGEN at a loss signals they might see little potential left in this token.<\/p>\n<p>And with EIGEN still trading below its launch price, this whale might be onto something.<\/p>\n<h2>Why EigenLayer\u2019s Restaking Protocol Has Got the Crypto World Talking<\/h2>\n<p>EigenLayer has been getting a lot of attention lately \u2013 and it\u2019s easy to see why.<\/p>\n<p>Think of it like this: imagine using the same dollar to buy coffee and secure a bank loan.<\/p>\n<p>That\u2019s basically what EigenLayer does for Ethereum stakers.<\/p>\n<p>It lets people who\u2019ve already staked their ETH use that same stake to secure other services and earn extra rewards on top.<\/p>\n<p>This clever system is called \u201crestaking,\u201d and it\u2019s got everyone talking.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/10\/Picture3-8.png\"><\/a><\/p>\n<p>But why is restaking so exciting?<\/p>\n<p>One of the main reasons is that it helps solve a big problem in crypto \u2013 fragmented security.<\/p>\n<p>By creating a shared security pool, EigenLayer\u2019s setup helps make it easier (and cheaper) for new projects to get started.<\/p>\n<p>And with<a href=\"https:\/\/defillama.com\/protocol\/eigenlayer\" target=\"_blank\" rel=\"noopener\"> over $10 billion<\/a> already locked in, it\u2019s clear many Web3 users are betting big on the project.<\/p>\n<p>The native EIGEN token also already has a market cap of $740 million.<\/p>\n<p>So, although some whales might be offloading, many smaller investors still see huge potential in this restaking protocol.<\/p>\n<h2>New Meme Coin Staking App Crypto All-Stars Catches Whale Attention<\/h2>\n<p>EigenLayer offers a new approach to Ethereum staking, so it\u2019s no surprise that it has caught the attention of investors.<\/p>\n<p>But while EigenLayer has its focus on restaking, some whales might be looking for something different for their next big play.<\/p>\n<p>That\u2019s where<a href=\"https:\/\/cryptopotato.care\/b_cryptoas-en_111561?referrer=some-pepe-whales-selling-eigen-at-a-loss-could-they-be-switching-to-new-tokens-like-crypto-all-stars\" target=\"_blank\" rel=\"noopener\"> Crypto All-Stars (STARS)<\/a> comes in.<\/p>\n<p>Like EigenLayer, it\u2019s all about staking, but with a twist that might appeal to those interested in the meme coin space.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/10\/Picture4-7.png\"><\/a><\/p>\n<p>Crypto All-Stars\u2019 main feature is the MemeVault, which allows investors to stake popular meme coins like PEPE and SHIB.<\/p>\n<p>In return,<a href=\"https:\/\/cryptoallstars.io\/en\/dashboard\" target=\"_blank\" rel=\"noopener\"> they\u2019ll earn STARS<\/a> \u2013 Crypto All-Stars\u2019 native token.<\/p>\n<p>Some investors are flocking to the project\u2019s presale, believing it could disrupt the traditional meme coin model.<\/p>\n<p>The presale has already raised over $2.1 million, offering STARS tokens for just $0.0014887 each.<\/p>\n<p>However, that price will rise again in less than 24 hours.<\/p>\n<p>So, those who invest early will receive a lower entry point.<\/p>\n\n<div class=\"embed\"><\/div>\n<p>Adding to Crypto All-Stars\u2019 appeal, it\u2019s already built up a huge following on<a href=\"https:\/\/x.com\/all_stars_coin\" target=\"_blank\" rel=\"noopener\"> Twitter<\/a> and<a href=\"https:\/\/t.me\/Crypto_allstars\" target=\"_blank\" rel=\"noopener\"> Telegram<\/a>.<\/p>\n<p>The team has also had STARS audited by<a href=\"https:\/\/coinsult.net\/projects\/cryptoallstars\/\" target=\"_blank\" rel=\"noopener\"> Coinsult<\/a> and<a href=\"https:\/\/cryptoallstars.io\/assets\/documents\/audit.pdf\" target=\"_blank\" rel=\"noopener\"> SolidProof<\/a>, who found no issues with the code.<\/p>\n<p>And if that wasn\u2019t enough, STARS has even been ranked fourth on<a href=\"https:\/\/coinsniper.net\/\" target=\"_blank\" rel=\"noopener\"> CoinSniper.net<\/a>.<\/p>\n<p>So, for seasoned whale investors, Crypto All-Stars could be a tempting move.<\/p>\n<p>It might take a completely different approach than EigenLayer, but it still addresses the same demand for new staking solutions.<\/p>\n<p><a href=\"https:\/\/cryptopotato.care\/b_cryptoas-en_111561?referrer=some-pepe-whales-selling-eigen-at-a-loss-could-they-be-switching-to-new-tokens-like-crypto-all-stars\" target=\"_blank\" rel=\"noopener\">Visit Crypto All-Stars Presale<\/a><\/p>\n<p><strong>Disclaimer<\/strong><em>: The above article is sponsored content; it\u2019s written by a third party. CryptoPotato doesn\u2019t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.<\/em><\/p>\n<p><em>Readers are also advised to read CryptoPotato\u2019s\u00a0<a href=\"https:\/\/cryptopotato.com\/disclaimer\">full disclaimer<\/a>.<\/em><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/some-pepe-whales-selling-eigen-at-a-loss-could-they-be-switching-to-new-tokens-like-crypto-all-stars\/\">Some Pepe Whales Selling Eigen at a Loss, Could They Be Switching to New Tokens Like Crypto All-Stars?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>One whale investor is offloading their EigenLayer (EIGEN) at a loss. A famous investor who made a fortune by investing in Pepe (PEPE) has decided to sell their EIGEN tokens rather than hold them. And the big question everyone\u2019s asking is: where\u2019s all that money heading next? Whale Dumps EIGEN &amp; Takes $470K Loss According [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":12691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12690"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12690"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/12691"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}