EIGEN futures rise ahead of EigenLayer season 2 stakedrop
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 10 2024EigenLayer's Price Recovery: EigenLayer's pre-market futures have rebounded to $2.73 after hitting a record low of $2.17, although it remains 30% below its all-time high. This recovery follows the announcement of its second season stakedrop starting on September 17, which will allocate 70 million EIGEN tokens.
Market Position and Future Outlook: EigenLayer has established itself as a significant player in the DeFi sector with over $10.9 billion in total value locked, and analysts anticipate that its upcoming airdrop could be one of the largest listings of the year, despite uncertainties regarding its price during the event.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
