In a recent flurry of trading activity, two prominent cryptocurrency investors, commonly known as ‘whales,’ have purchased a significant quantity of EIGEN tokens, totaling 702,324 tokens valued at about $2.86 million, according to Odaily.

The first transaction involved an address starting with 0x2dcd, which spent 588 ETH (around $1.55 million) to acquire 383,672 EIGEN tokens at an average price of $4.05 each. Meanwhile, another address, beginning with 0xb112, used 1.31 million USDC to secure 318,651 EIGEN tokens, averaging $4.10 per token in the purchase.