EIGEN launches today.
I think many market participants will be watching the price action to gauge overall market strength and sentiment.
So far, the price has remained the same, or even slightly up, despite a lot of airdrop participants selling their tokens.
I would say that so far, this shows that there is still some life left in the market, as I think the price action would have been much worse if it was just 1-2 months ago.
For the airdrops being sold, I assume that ETH and ETH-related coins may be the coins that will most immediately see some inflows, as farmers have previously
locked up their ETH to farm EIGEN and may want to add to their (underwater) bags to average
