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EIGEN will be unlocked at 13:00 today, and futures prices show that its FDV is expected to exceed US$6.7 billion
2024-10-01 01:57
Odaily News EigenLayer's native token EIGEN will be unlocked at 13:00 on October 1, and will then be listed on exchanges such as Binance and Bitfinex. Since the beginning of September, the price of EIGEN futures on Aevo and Hyperliquid has steadily climbed, nearly doubling from a low of about $2 to about $4. However, the 24-hour trading volume of Aevo and Hyperliquid totaled about $1 million, which may not be enough to fully reflect market dynamics. EIGEN has a total supply of 1.67 billion pieces, and its FDV is expected to exceed $6.7 billion, with about 200 million EIGEN in circulation. A person familiar with the matter said that the perps market is comparable to the price of EIGEN in informal OTC, and its price has risen from about $2 in August to about $3.50 on September 24. These comments are consistent with information on the EigenLayer community forum. (Cointelegraph)