Eigenlayer (EIGEN), a decentralized finance (DeFi) staking app, has gained attention after a prominent investor, known as @eigenbuyer, experienced significant losses in his holdings of 11.21 million EIGEN coins. The investor bought the coins in October 2024 for an average price of $3.1, totaling around $34.75 million. Initially, the investor had a profit of over $27 million as EIGEN prices surged, but they have since dropped to $1.7, resulting in an unrealized loss of $16 million. This situation highlights the unpredictable nature of the crypto market and the importance of risk management and diversification. EIGEN's price decline could be connected to changing market sentiment and volatile investor sentiment in the broader crypto market. Despite the drop, EIGEN remains the third-largest DeFi staking platform by total value locked (TVL) with $11.46 billion. Last month, EIGEN upgraded its Reward v2 platform to enhance staking reward distribution.



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