<ul><li>A whale recently deposited 2 million Eigenlayer (EIGEN) tokens, worth $3.18 million, into Binance, raising concerns about market volatility.</li><li>EIGEN has been struggling with significant selling pressure, resulting in a 16.41% drop in the past 7 days.</li><li>The key support level for EIGEN is at $1.60, while a breakout above $2.00 could indicate a trend reversal.</li><li>Technical indicators suggest a possible short-term rebound, but confirmation is required to expect a sustained uptrend.</li></ul>

Whale Loses $5.89M on Eigenlayer (EIGEN) After Price Drops 64% in Two Months

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