EigenLayer’s Token Giveaway Sparks Quick Sell-Off: What’s Next for the Ethereum-Based Protocol?

In recent weeks, the crypto community has been abuzz with EigenLayer, an innovative protocol on the Ethereum blockchain that is now offering new restaking features. In an effort to promote the protocol, EigenLayer has been giving away tokens—$EIGEN tokens to be precise. However, many of the recipients seem to be experiencing a bout of seller’s … Read more

Dormant Wallet Activates With $9.03M EIGEN As EigenLayer TVL Nears $20B

A previously inactive crypto wallet has re-emerged with significant activity in the EigenLayer ecosystem. The wallet, dormant for over two years, withdrew 1.6 million EIGEN tokens—worth $7.25 million—from Binance, bringing its total withdrawals over the past 43 hours to 2 million EIGEN, valued at $9.03 million. These purchases were made at an average price of … Read more

Smart Money Targets $EIGEN As U.S. 2024 Election Concludes 

As the U.S. 2024 election draws closer, smart money is moving into $EIGEN, with a well-known crypto investor, smartestmoney.eth, making a significant accumulation. Over the past 35 hours, this experienced trader has withdrawn 1 million $EIGEN (valued at $2.47 million) from Binance at an average price of $2.473. This trader is known for their previous … Read more