$EIGEN (Please don't skip this post, they don't want you to read this).

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Share it with maximum retailers to save them.

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The recent 12% surge in the price of #Eigen token could be a classic example of market manipulation, where larger operators are potentially driving up prices to entice retail investors.

With million of tokens, valued at approximately $9 million, set to be unlocked in the coming week, the sudden rise seems to serve as a lure for retail investors to buy at inflated prices. As these tokens flood the market, the circulating supply will increase substantially, likely driving the price downward. Larger players, anticipating this supply surge, may use this opportunity to sell their holdings at high prices, leaving retail investors exposed to potential losses.

Moreover, while EigenLayer promotes itself as a promising restaking protocol on Ethereum, its long-term viability remains questionable. The project faces stiff competition in the staking space, and its relatively unproven infrastructure may struggle to maintain long-term interest.

Retail investors should be cautious, as the price may drop significantly after the unlock, leaving those who bought in at higher prices vulnerable to steep losses. This event could mirror similar outcomes from other token unlocks, where short-term surges were followed by dramatic price corrections.

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