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News

EIGEN Token Now Trades With $7B FDV As Transfer Limits Lift

October 1, 2024 - Around 2 mins mins to read

Key Points:

  • EigenLayer lifted transfer restrictions on its EIGEN token, enabling trading on various exchanges.
  • The current trading price is about $4.28, which results in a fully diluted market valuation of $7.1 billion.
EigenLayer has lifted transfer restrictions on its EIGEN token, now trading on exchanges at $4.28, giving the token a $7.1 billion fully diluted valuation.
EIGEN Token Now Trades With $7B FDV As Transfer Limits Lift

EigenLayer Token Now Trading on Major Exchanges

EIGEN Token Now Trades With $7B FDV As Transfer Limits Lift

EigenLayer has officially lifted its transfer restrictions on the native EIGEN token, opening trading on several exchanges. Today, the token changes hands for about $4.28, which combines for a fully diluted valuation of $7.1 billion, according to CoinGecko.

In so doing, today represents another seminal moment in the very quick lifecycle of EigenLayer, which has stewarded two stakedrops of EIGEN tokens thus a process by which 1.67 billion tokens were supplied.

Read more: EigenLayer Token Transfer Restrictions Set to End on September 30

EIGEN Token Hits $7.1 Billion Market Cap After Restriction Lift

Recently, after the lifting of transfer restrictions, EIGEN holders have begun to liquidate. Circulating supply is about 200 million, giving a crypto-economic security model powered by EigenLayer.

At a price of trading at $4.28, its market capitalization has soared to $7.1 billion, reflecting growing demand for its staking service.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

EIGEN

EigenLayer

restaking

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Author

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.
News

EIGEN Token Now Trades With $7B FDV As Transfer Limits Lift

Key Points:

  • EigenLayer lifted transfer restrictions on its EIGEN token, enabling trading on various exchanges.
  • The current trading price is about $4.28, which results in a fully diluted market valuation of $7.1 billion.
EigenLayer has lifted transfer restrictions on its EIGEN token, now trading on exchanges at $4.28, giving the token a $7.1 billion fully diluted valuation.
EIGEN Token Now Trades With $7B FDV As Transfer Limits Lift

EigenLayer Token Now Trading on Major Exchanges

EIGEN Token Now Trades With $7B FDV As Transfer Limits Lift

EigenLayer has officially lifted its transfer restrictions on the native EIGEN token, opening trading on several exchanges. Today, the token changes hands for about $4.28, which combines for a fully diluted valuation of $7.1 billion, according to CoinGecko.

In so doing, today represents another seminal moment in the very quick lifecycle of EigenLayer, which has stewarded two stakedrops of EIGEN tokens thus a process by which 1.67 billion tokens were supplied.

Read more: EigenLayer Token Transfer Restrictions Set to End on September 30

EIGEN Token Hits $7.1 Billion Market Cap After Restriction Lift

Recently, after the lifting of transfer restrictions, EIGEN holders have begun to liquidate. Circulating supply is about 200 million, giving a crypto-economic security model powered by EigenLayer.

At a price of trading at $4.28, its market capitalization has soared to $7.1 billion, reflecting growing demand for its staking service.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.