$EIGEN trading at ~$7B FDV on Hyperliquid. I think this is the pre-market with the most volume, so probably the best gauge of where it lands at listing.
Float will be small at launch. Have seen different figures, so unsure of exact number, but will be very volatile as the airdrop farmers and buyers do business.
Most likely scenario is airdrop farmers dumping weighs on the price for a bit, but I think there will be a lot of interest in picking up cheap $EIGEN for the rest of the cycle.
The last ecosystem map I saw had 60+ AVS building on top of Eigenlayer. I think the "AWS for decentralized services" will command a higher valuation than the pre-market is giving it currently. EigenLayer still has 12B in TVL as well.
It started off just above $20B FDV back in May. I do expect it eventually trades back there later on as the bull heats up. Could end up doing a very similar run like TIA did.
Think a lot of people will also stake for AVS airdrops and yield, because they can't help themselves.
What are you doing with your $EIGEN?
You missed out DeFi wave last cycle 🌊
You dont miss out RWA wave this time
When entire market is rough only projects with solid fundamentals are doing well
One of my fav is @MANTRA_Chain $OM 🕉️
Here’s why I’m bullish;
- The Staked $OM has increased 33% in last few days
- Around 29% of the Circulating supply of $OM (worth over $200M) is now staked and off-exchange. This shows confidence by community and $OM holders
- ONDO’s USDY vault launching on MANTRA
- $OM is different from those Low float high FDV ones, with 90% supply unlocked and circulating
- Announced airdrop for galxe participants, $ATOM stakers, badkids and sloths holders
RWA is a bullish narrative in 2024, and you don’t want to miss out on $OM of @MANTRA_Chain
UPDATE: there is no update yet. We waiting to hear something. Saw two dif ppl on here claiming it is delayed (without saying their source) till later tonight, but we can't confirm this with anyone yet. That's all we know rn. @JSeyff
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