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0xSun: I have transferred some of my ETH long positions to altcoins and am optimistic about Eigen's potential for rebound.
6hours ago

According to Odaily Planet Daily, crypto trader 0xSun stated that due to the recent weakening of ETH's leading momentum, he is gradually shifting 30% of his ETH long positions to altcoins such as XPL, HYPE, ENA, Eigen, Bonk, and Ondo, which he is still monitoring, to diversify his long portfolio. He pointed out that during the ETH-driven rally, related tokens such as L2, DeFi, and restaking have generally strengthened, and the restaking sector still has significant room for further growth. As a leader in this field, Eigen, after launching EigenCloud, has become not only the leading restaking protocol and the fastest DA protocol, but also the first verifiable cloud system. 0xSun emphasized that A16Z's additional investment of $70 million in June of this year and ETHZilla's investment of $100 million in ETH for restaking are both positive for the Eigen ecosystem.