Eigenlayer (EIGEN) Starts Trading: Whales And Experts React – Is It A Buy?

Quick Summary:

One transaction involved an address purchasing 383,672 EIGEN at $4.05, totaling $1.55 million.Another address spent 1.31 million USDC to acquire 318,651 EIGEN at $4.10.2 whales bought 702,324 $EIGEN($2.86M) in the past 4 hours! 0x2dcd spent 588 $ETH($1.55M) to buy 383,672 $EIGEN at $4.05.0xb112 spent 1.31M $USDC to buy 318,651 $EIGEN at $4.1.pic.twitter.com/Dzt65tYwJT — Lookonchain (@lookonchain) October 1, 2024 Despite these buys, not all activity has been bullish; notable crypto whale GCR was reported to have sold a significant amount of EIGEN shortly after the unlock, depositing over 250,000 EIGEN into Binance.

Crypto analyst Aylo offered a comparison of EIGEN’s market performance relative to other tokens via X: “EIGEN launched exactly in line with the pre-market price, sitting at $7B FDV.

In a statement released through X, the Eigen Foundation highlighted the importance of this milestone: “We’re thrilled to announce the unlocking of the EIGEN token, a big step for the Eigenlayer ecosystem.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: EIGEN EIGEN News EIGEN Price Eigenlayer Price Eigenlayer News EigenLayer Cryptocurrency Market News Eigenlayer Token Unlock

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 16:00:24 (14 hours ago)

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Language: English

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