Golden Finance reported that according to on-chain analyst Ember Monitoring, whales/institutions spent $32.45 million USDC through 21 addresses in October to purchase 8.917 million EIGEN at an average price of $3.64. Since last night, redemptions have begun one after another. Return to EIGEN and sell on the chain. Since 7pm last night, they have had 4 addresses redeem 1,270,507 EIGEN ($5.02 million) from the EigenLayer staking contract and are selling them on the chain for ETH or USDC. When EIGEN reached a maximum of $5.6 a few days ago, their 8.917 million EIGEN made a profit of $17.65 million, but now it has fallen back to the cost line.