Smart Trader Boby1337.eth Bets $22M on $EIGEN

The post Smart Trader Boby1337.eth Bets $22M on $EIGEN appeared first on Coinpedia Fintech News

This smart trader is betting on a declining token in a bull market. The smart trader Bobby1337.eth is betting big on Eigen Layer. The token dropped 15% last Friday and maintains a sideways trend below the $3 mark. Currently, it is trading at $2.901 with an intraday gain of 1.26%. The smart trader has bought 8.16 million Eigen tokens valued at $22 million over the past 4 days. The recent execution took within the past 24 hours, and the trader has made massive withdrawals from Binance and put the entirety of that into staking on Eigen Layer.