EigenLayer’s EIGEN token unlock looms, futures tip a $6.8B FDV

EigenLayer’s EIGEN token is scheduled to unlock at 5:00 a.m. UTC on Oct. 1 and will start trading on exchanges such as Binance soon after. 

Ethereum restaking protocol EigenLayer is only hours away from unlocking its native token, EIGEN, and derivative markets hint at a bullish debut, according to trading data from decentralized perpetual exchanges. 

EigenLayer’s native token has been non-transferable since launching in May but EIGEN-linked perpetual futures — or “perps” — indicate a spot price of approximately $4 per token, according to data from exchanges Aevo and Hyperliquid.  

“Most likely scenario is airdrop farmers dumping weighs on the price for a bit, but I think there will be a lot of interest in picking up cheap $EIGEN for the rest of the cycle,” Aylo, the pseudonymous founder of Alpha Please, said in a Sept. 30 post on the X platform.

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EigenLayer’s EIGEN token is scheduled to unlock at 5:00 a.m. UTC on Oct. 1 and will start trading on exchanges such as Binance soon after. 
Ethereum restaking protocol EigenLayer is only hours away from unlocking its native token, EIGEN, and derivative markets hint at a bullish debut, according to trading data from decentralized perpetual exchanges. EigenLayer’s native token has been non-transferable since launching in May but EIGEN-linked perpetual futures — or “perps” — indicate a spot price of approximately $4 per token, according to data from exchanges Aevo and Hyperliquid.  “Most likely scenario is airdrop farmers dumping weighs on the price for a bit, but I think there will be a lot of interest in picking up cheap $EIGEN for the rest of the cycle,” Aylo, the pseudonymous founder of Alpha Please, said in a Sept. 30 post on the X platform.Read more