Whale 0x4b2 (linked to "boby1337.eth", the largest Season 1 EIGEN claimant) just unstaked 12,506 ETH ($32.55M) from Puffer Finance and deposited them to Bybit for profit:

• transaction: 0xd4543fd445923d86e26259c174ef1c969d0b5d106659addc9d57e30a27388baf
• address: 0x4b25e4e839f02329e1d02a72722e7e85461f853c

Notably, the whale withdrew 11,987 stETH from Bybit at an average price of $1,903 (estimated cost: $22.8M) between July 12 and August 22, 2023, and then re-staked the tokens across staking platforms such as EigenLayer/Puffer/Zircuit to earn airdrops.

With the above deposit, the whale allegedly ended its re-staking journey after 15 months with an estimated total profit of $17.95M (+78.7%) through airdrops and ETH appreciation, including:

• at least $8.97M from airdrop rewards in the forms of 2.727M EIGEN (low: $8.21M, high: $11.78M), 845,676 PUFFER ($757K), and Zircuit, which has not yet launched an airdrop.
• 519 ETH ($1.35M) from staking income;
• $8.39M from ETH price appreciation from $1,903 to $2,603.

Note that the whale is linked to 0x35e3564c86bc0b5548a3be3a9a1e71eb1455fad2 ("boby1337.eth") by sending 2.206M EIGEN (then $7.97M) to this trader.

Fig 1. Whale 0x4b2 (linked to "boby1337.eth", the largest Season 1 EIGEN claimant) accumulated 11,989 ETH ($22.81M), mostly from Bybit and from July 12 to August 22, 2023.

Fig 2. Whale 0x4b2 (linked to "boby1337.eth", the largest Season 1 EIGEN claimant) deposited all 12,506 ETH ($32.55M) to Bybit for massive profit just now.