🌟 Justin Sun Makes a Major Move: Acquires 3.62 Million EIGEN Tokens! 💼💰

🚀 Breaking News: According to PANews, blockchain analyst Yu Jing reveals that Justin Sun has recently acquired a significant amount of 3.62 million EIGEN tokens from four different addresses. With each token valued at $7.8 on AEVO, the total worth of this acquisition stands at a staggering $28.23 million!

💰 Holding Strong: Justin Sun's crypto portfolio remains robust, with a total of 665,000 ETH valued at $1.93 billion. Notably, he has staked or re-staked 417,000 ETH across various platforms, including EigenLayer, Swell, Puffer, Lido, and Etherfi.

🔍 The Address Details: The four addresses from which Justin Sun received the EIGEN tokens are:
- 0x7a95f1554eA2E36ED297b70E70C8B45a33b53095
- 0x176F3DAb24a159341c0509bB36B833E7fdd0a132
- 0xdC3Fa56e70D5731F3Cf59ca13825044D47310ff0
- 0x79ac43e133d897828dfe869aD68cAdC08e94b163

🌐 What's Next: Justin Sun's acquisition of EIGEN tokens signifies his continued interest and involvement in the blockchain space. As one of the leading figures in the industry, his actions often serve as indicators of market trends and future developments.

📈 Stay Updated: Keep an eye on how this move shapes the crypto landscape and Justin Sun's influence in the industry! #JustinSun #EIGEN #CryptoInvestment 📊🚀 #MbeyaconsciousComunity

Will we see a re-restaking? LRRT?

Disappointed in $EIGEN

While the long awaited altseason didn't arrive, the restaking protocols fell by up to 50% after $EIGEN airdrop announcement

All these in the midst where market is bleeding and we're seeing the classic sell the news event

All these combined with the fact that there's inherent risk brought in by Eigen's restaking concept and the mountain heaps of projects building on it sounds like what would turn out like a Luna debacle.

Though I like to think that it isn't but its showing signs similar to that of DeFi's yield farming with layers upon layers.

It's still too early to say for sure because we are probably midway through bull and the cards usually fall way after that with serious liquidity crunchtimes.

But I don't like it when after reading 43 pages of @eigenlayer's white paper only to find that they have 2 tokens $EIGEN and $bEIGEN where the latter is being used for actual staking. And in my nothing better to do times, we also say $LUNA and $bLUNA, uncanny resemblance...

Tokenomics $EIGEN:
- total supply 1.67B
- 45% to community: 15% to each of stakedrops, community initiatives and ecosystem development, respectively
- out of 15% stakedrops, 5% based on a snapshot on 15 Mar this year (90% immediately claimable)
- 29.5% to investors
- 25.5% to team/ early contributors
- both of total 55% are subject to 1-year cliff + 2-year vesting
Initial float seems ~5%

And looks like for both @pendle_fi and @GearboxProtocol users will get their full point values pre-March 15th and everything else will be s2. Thanks to @Rightsideonly for the frequent update and @PendleIntern for the analysis.

Nonetheless, I am still pretty certain that $EIGEN have some good times to enjoy so lets make the best use of it while we can.

#EigenLayer #HotTrends #BTC #EIGEN

#EigenLayer has re-adjusted their airdrop after community feedback, with the project stating they will boost the minimum to 110 Eigen tokens.

"100 more #EIGEN will be added to all users who've interacted with the protocol before April 29th," the project said.

In addition, season 2 restakers from March 15th, the snapshot for season 1, to April 29th, when the airdrop was announced, will also receive the 100 minimum.
#CryptoWatchMay2024 #airdrop #CryptoSafetyMatters

EigenLayer begins #EIGEN token airdrop

#EigenLayer has launched its $EIGEN token airdrop, allowing users to claim tokens, though non-transferable for now, with speculators estimating their value at $15 billion. Eigen Foundation has made the tokens non-transferable and with some geographic restrictions, and targets token transferability by September. They have also made some revisions to the distribution plan in response to community feedback, allocating extra funds to some users in season 1 airdrop.

🚀 Big moves in the crypto world! EigenLayer has launched its token EIGEN, and Justin Sun wasted no time, scooping up 3.62 million EIGEN through four addresses! 💼💰 At the current price of $7.8 per EIGEN on AEVO, that's a staggering $28.23 million investment. 😲📈 Meanwhile, Sun's crypto empire continues to grow, with a total of 665,000 ETH in his possession, valued at a whopping $1.93 billion! 💥💸 His strategic allocations across platforms like EigenLayer, Swell, Puffer, and Lido highlight his diverse interests in the crypto space. 🌐🔒 Exciting times ahead for Justin Sun and the crypto community! #EigenLayer #EIGEN #JustinSun 🌟

Tron Founder Justin Sun is Chasing Airdrops with His Ethereum (ETH)!

Tron (TRX) founder Justin Sun, one of the important crypto actors, recently came to the fore with his Ethereum (ETH) purchases. With these ETHs in his hand, Justin Sun managed to receive airdrops from many new projects that will be released.
Finally, Justin Sun, who won a large amount of airdrop from EIGEN, the governance token of EigenLayer, attracted the attention of cryptocurrency investors.

Ember, a successful on-chain data provider, shared the projects that Justin Sun received airdrops and is waiting for on his X/Twitter account:
EigenLayer filed EIGEN claims early this morning. Justin Sun claimed a total of 3.62 million #EIGEN through 4 addresses 45 minutes ago.

Here are the crypto projects where Justin Sun holds #ETH in the ecosystem because he is waiting for an airdrop:
215,045 ETH → EigenLayer
120,045 ETH → Swell
58,496 ETH → Puffer
23,205 ETH → Lido
454 ETH → Ether.fi

Apart from this development, Justin Sun also deposited a total of 24.23 million USDT to the HTX exchange through 2 different wallet addresses in the last hours.
Justin Sun can buy altcoins with these USDTs. For now, it is unknown which crypto asset Sun will prefer.
$BTC $ETH