One of the many reasons why I sold#Eigenand then bought it back immediately:
There is a coincidence that is very similar to#TIA- the best Airdrop product I have ever known
1/ the listing time in October is very close to the bottom of the rising wave for the cycle, the time when projects race to list
2/ the tokenomics are very similar, the initial supply is mainly for airdrop. The team and investors are both locked for 1 year
3/ leading the trend of the Restaking and Modular segments. The token usecase has a common point of staking to receive air from projects in the ecosystem
4/ both go straight to binance, the initial cap is about 400m. Eigen updated the cap to ~700m because they included the stake for delegation (current supply is about 100m tokens, the cap is ~400m - eigen at the time of writing is 4$). Tia was listed at 2$ for airdrop release and then climbed to 20$ x10 to everyone's surprise.
5/ If we take the highest FDV of Tia at around 20B $ then Eigen with a total supply of 1.6b tokens will get $12.5/token. It's hard to x10 like TIA but who knows, let's wait and see.