A big step forward for Ethereum, EigenLayer has now launched slashing on Mainnet, meaning the security model is complete. This is a long-awaited upgrade. It is more than a just technical enhancement; it establishes EigenLayer as the backbone of “Verifiable Cloud.” From here on out, applications and services built atop EigenLayer will be able to make reliable, enforceable commitments. While the upgrade certainly tightened up EigenLayer’s core mission of providing secure, reliable infrastructure, it also introduced a fair number of new features that give users of EigenLayer across the network a lot more control and flexibility over what they’re doing.

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A large quantity of $EIGEN tokens, approximately worth $3.18 million, has recently been transferred to Binance, the largest cryptocurrency exchange in the world by volume. A “whale,” or significant holder of cryptocurrency, moved the tokens into the exchange, while previously two months prior, the same whale withdrew 2 million $EIGEN tokens—then substantially higher in price at $4.53 per token. Despite this extra boost of tokens appearing on the Binance exchange, the actual market price of $EIGEN has dropped 64.8% since December 1, 2022, with the current trade showing at just $1.59. After a direct two-month comparison, that represents a token

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According to data from CoinMarketCap, there are approximately 210 million EIGEN tokens in circulation, with a total supply of 1.68 billion.

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A previously inactive crypto wallet has re-emerged with significant activity in the EigenLayer ecosystem. The wallet, dormant for over two years, withdrew 1.6 million EIGEN tokens—worth $7.25 million—from Binance, bringing its total withdrawals over the past 43 hours to 2 million EIGEN, valued at $9.03 million. These purchases were made at an average price of $4.52 per token. A 2-year-old dormant wallet withdrew 1.6M $EIGEN ($7.25M) from #Binance 20 minutes ago, bringing its 43-hour total to 2M $EIGEN ($9.03M) at ~$4.52. Notably, before $EIGEN, this wallet had only withdrawn 8.89 $SSV from Binance in March 2023 (646 days ago). Follow

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The upgrades are designed to bring greater flexibility to EigenLayer’s restaking ecosystem.

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The well-known crypto investor smartestmoney.eth has reportedly made a successful move in the Restaking ecosystem, leveraging his investment in EIGEN for substantial gains. Just 15 minutes ago, he transferred his entire holding of 1.307 million EIGEN tokens, valued at $5.09 million, to Binance, potentially to take profits. At the start of the month, smartestmoney.eth strategically bought EIGEN at an average price of $2.54 per token, timing his entry during a market low. Holding until the current price of $3.95, his potential profit on the trade would be approximately $1.84 million, representing a 55% gain on his investment. EIGEN has emerged

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Winslow Strong, director at the Qualia Research Institute, reportedly sold his remaining 704,902 EIGEN tokens, valued at approximately $2.23 million, through transactions with Amber Group and CowSwap. Recent trades included swapping 10,000 EIGEN tokens for 31,553 USDC via CowSwap and depositing 694,902 EIGEN (about $2.195 million) to Amber Group’s Binance deposit address. Between October 1 and November 3, 2024, Strong had acquired a total of 754,902 EIGEN tokens, primarily from EigenLayer on its launch day. Records suggest he sold these tokens through Coinbase, Binance, and CowSwap at an average price of $3.142 each, totaling around $2.37 million. His last recorded

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As the U.S. 2024 election draws closer, smart money is moving into $EIGEN, with a well-known crypto investor, smartestmoney.eth, making a significant accumulation. Over the past 35 hours, this experienced trader has withdrawn 1 million $EIGEN (valued at $2.47 million) from Binance at an average price of $2.473. This trader is known for their previous impressive profit of around $20.6 million from $ETH, signaling a strong record of timing the market. smartestmoney.eth (@smartestmoney_) is accumulating $EIGEN ahead of the U.S. 2024 election. Over the past 35 hours, this smart trader withdrew 1M $EIGEN ($2.47M) from #Binance at an average price

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EigenLayer kicked off programmatic EIGEN token incentives for restakers in October. 

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In a notable move, the savvy trader known as boby1337.eth has amassed an impressive 8.16 million $EIGEN tokens, valued at approximately $22 million, over the past three days. Smart trader boby1337.eth accumulated 8.16M $EIGEN ($22M) over the past three days, despite a 15% drop in EIGEN’s price. He acquired these tokens through 4 transactions from Binance and staked them all to EigenLayer. The latest withdrawal occurred just 2 hours ago. Follow… pic.twitter.com/p2xICTSDr8 — Spot On Chain (@spotonchain) October 28, 2024 This accumulation comes despite a 15% decline in $EIGEN’s price, highlighting the trader’s confidence in the asset’s long-term potential. boby1337.eth

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