🚀 Attention, crypto enthusiasts! 🚀

🔹 The EigenLayer token (EIGEN) is gaining momentum again, up 17% in the last 24 hours to trade at $4.07. Its market cap is $760 million, with a daily trading volume of $475 million.

🔹 EIGEN hit an intraday high of $4.15 yesterday, but some traders then began to take profits. The token is now just 10% below its all-time high of $4.58, reached on October 1.

🔹 According to IntoTheBlock, 4.6 million EIGEN tokens entered centralized exchanges on October 8, which may indicate that traders are ready for short-term selling.

🔹 Interestingly, large EIGEN holders have also begun to accumulate the asset, pushing the price higher. Over the past week, $1.7 billion worth of transactions have been recorded, each exceeding $100,000.

🔹 EigenLayer is the third-largest decentralized finance protocol with a total locked capital of $10.7 billion. However, it is worth remembering that unlocking tokens may lead to a decrease in price due to an increase in their number in circulation.

💬 Share your thoughts in the comments! Do you think EIGEN will continue to grow?