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Tron founder Justin Solar acquired yet one more huge chunk of EIGEN tokens—3.62 million, price about $14.1 million. This comes after he already acquired an $8.75 million airdrop from EigenLayer.
Solar acquired these tokens as a part of EigenLayer’s 9.93 million token unlock program. He rapidly deposited them into Binance at a value of round $3.89. The $8.75 million Solar acquired via airdrop was additionally instantly moved to the HTX crypto change.
Nevertheless, particulars about Solar’s involvement with the EigenLayer crypto undertaking come amid scrutiny surrounding the DeFi undertaking. EIGEN is situated on the 83rd place among the many world aggregation of cryptocurrencies.
On the time of writing, Eigenlayer’s market capitalization was about $763.5 million. This mirrored an 11% surge. An evaluation chart from TradingView reveals that EIGEN’s value surged considerably after a large decline in the last few days. The crypto token has surged by 37% prior to now 4 days, bouncing off a $3.036 low from final Sunday to achieve $4.160 within the early hours of Wednesday. On the time of press, EIGEN traded for $4.063, following a slight retracement from the day’s excessive.
Solar’s involvement with EigenLayer has sparked hypothesis amongst many within the crypto group. Final week, a market observer named Karl claimed on X that 40% of staked EIGEN tokens got here from 13 addresses. He famous that such a improvement may mislead the general public into considering that the tokens have been in circulation, additional instigating them to make uninformed funding choices.
Learn additionally: EigenLayer Token Unlock Hits Snag: Value Dips and Safety Issues
Nevertheless, the observer highlighted traders’ minimal staking actions. He famous that every one the addresses had initiated their unstaking course of and wouldn’t obtain any staking rewards. He additional campaigned for transparency in EigenLayer’s token distribution and counseled the workforce for promptly addressing the problems.
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