On September 30th, transfers were enabled for the $EIGEN token, which was launched a few months ago as an airdrop by the Eigen layer liquid resttaking protocol in #Ethereum . How did the market launch go and what caught the attention? Let's explore
The native Eigen Layer #token , EIGEN, was unlocked on September 30th at 9 PM PST, where it was first available on #DEX (Like uniswap) and a few hours later it was available on major centralized exchanges (CEX).
For those users looking to sell their EIGEN tokens from the airdrop, if they had any staked, they had to unstake a week ago, which is the time it takes to process this action. In addition to claiming their EIGEN tokens from other liquid staking protocols.
According to Coinmarketcap , since the launch of EIGEN , the price has been fluctuating between $4.5 and $3.3 in the last few hours. It is also ranked 99th among the #Criptomonedas with the highest market capitalization.
Another interesting fact is that the launch price of the EIGEN token is one of the few that matches the price that was being traded in Pre-market on some platforms, showing an average of $4.15.
Due to this launch event, the price of transaction fees on the Ethereum network also skyrocketed, due to increased activity on the network as everyone wanted to move their tokens.
The Eigen layer liquid resttaking protocol did not go unnoticed by big players, and one of the participants who got a good airdrop was @Justin Sunććźæš .
According to Spot on Chain, Justin Sun has managed to airdrop 5.24 million EIGEN tokens (approximately $21 million USD). This has been identified due to Sun managing multiwallets (different wallets that participated in the airdrop).
According to on-chain movements, Sun claimed the airdrop via 5 addresses, and immediately afterward moved them to a centralized exchange. It would later be confirmed that the EIGEN tokens were sold for USDT.
This amount was only possible for Justin Sun to earn with Eigen Layer, but the claim is still pending in other liquid staking protocols such as Puffer Finance, Kelp Dao, Swell, among others.
Below is a list of the protocols that one of your wallets is currently participating in and what their approximate earnings are with a popular checker.
This airdrop was perhaps one of the most popular in 2023-2024, and those who entered early and with a lot of capital were rewarded (Those who restooked with little capital were also rewarded). In addition, Eigen Layer brought with it restookering protocols, one more way to use DeFi, and with it came several staking protocols such as Etherfi, Swell, Renzo, among others.
I personally received an airdrop for entering the protocol at the beginning of this year. This is just the beginning, as more similar protocols are appearing on other chains such as Solayer (SOL), Babylon (BTC), Symbiotic (ETH), etc. As always, I recommend doing your own research and remember that exposing yourself to these types of actions also implies greater vulnerability, if something were to happen to the protocol.
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