EIGEN transferability on 30 Sept: pre-market FDV and restaked ETH
Quote78 words
Frames the 30 Sept EIGEN unlock as the start of the next token launch wave and a sentiment indicator. Cites a $3.45 perp price, a $5.8B pre-market FDV and over $12B in restaked ETH TVL.
Key claims
EIGEN at $3.45 on perp markets equals a $5.8B pre-market FDV
EigenLayer has over $12B restaked ETH TVL
Transfer restrictions expected to be removed 30 Sept 2024
$EIGEN becoming transferrable on 30th of September.
This will mark the beginning of the next wave of token launches and a potentially wild Q4.
With a price of $3.45 on perp markets, $EIGEN is currently sitting at a pre-market FDV of $5.8B.
Meanwhile, it has >$12B in restaked $ETH TVL.
Will be interesting to watch the early PA, as it will be a great indicator for both @eigencloud hype and overall market sentiment.
One week to go. ⌛️
QUOTING @eigenfoundation
The next major step in the evolution of EIGEN is coming soon! Transfer restrictions on the EIGEN token are expected to be removed on September 30th, 2024. Please note that if your EIGEN is currently staked, there is a 7-day withdrawal period for unstaking EIGEN. To learn more
The next major step in the evolution of EIGEN is coming soon! Transfer restrictions on the EIGEN token are expected to be removed on September 30th, 2024. Please note that if your EIGEN is currently staked, there is a 7-day withdrawal period for unstaking EIGEN. To learn more
How the covered assets moved · since 23 Sep 2024
Prices as of 23 Oct 2026This data piece reports the numbers without making a call on the token, so price moves since publication are shown as market context.
Covered in this piece
Mentioned for context
Since then
Zero has written 4 more pieces on $EIGEN since this one.
- Is EIGEN undervalued? Short TL;DRBullish call on $EIGEN
- Is EIGEN undervalued? Intersubjective security and valuation mathBullish call on $EIGEN
- EIGEN valuation napkin math: restaking demand and AVS feesBullish call on $EIGEN
- EigenLayer vs EigenDA vs EIGEN: what each one isCovers $EIGEN
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish thesis is read as a call; explainers, maps and mentions are context. Not financial advice.