Is EIGEN undervalued? Short TL;DR
Quote108 words
Bullish call$EIGEN−93%since this piece, moved against the callHow it played out ↓TL;DR of the longer EIGEN valuation post: the protocol provides real value to builders, AVSs will pay for security, and that value should accrue to EIGEN. Concludes the token is likely mispriced.
Key claims
EIGEN traded at $13-$15 OTC a few months earlier
AVS security payments accrue to EIGEN
This post has been gaining quite some traction but it is a bit long and complex I've been told. As a sloth, I understand.
Attempt at a TL;DR:
Is $EIGEN undervalued?
Yes.
Why?
@eigencloud as a protocol provides real value to builders, which is why adoption is happening and will continue.
This won’t come for free, AVSs will have to pay for the security they get from @eigencloud and that value will accrue back to the $EIGEN token.
For the maths, check my post below, but even under conservative assumptions, $EIGEN is likely mispriced rn.
Just a few months ago, $EIGEN was trading at $13-$15 OTC.
DYOR. ↓
QUOTING @zerokn0wledge_
While $BTC is in up only mode, $EIGEN is down >11% on the week. After trading at up to $15 OTC a few months ago, which implied an FDV of $25B, $EIGEN currently sits at $3.2 (FDV of $5.3B). ➊ Why is the price dumping? ➋ WTF even is $EIGEN? ➌ Is $EIGEN undervalued? Let's find ou
While $BTC is in up only mode, $EIGEN is down >11% on the week. After trading at up to $15 OTC a few months ago, which implied an FDV of $25B, $EIGEN currently sits at $3.2 (FDV of $5.3B). ➊ Why is the price dumping? ➋ WTF even is $EIGEN? ➌ Is $EIGEN undervalued? Let's find ou
How the call played out · since 18 Oct 2024
Prices as of 23 Oct 2026This piece takes a view on $EIGEN, so that move is read against the call.
AVSs will have to pay for the security EigenLayer provides, and that value should accrue to EIGEN, leaving the token likely mispriced.
−93%
Moved against the call · over 2 years
- At publication
- $3.23
- Now
- $0.218
- vs BTC
- −94%
- After 1 month
- −23%
- After 3 months
- +0.8%
- After 1 year
- −64%
- High since
- +70% 17 Dec 2024
- Low since
- −95% 04 Apr 2026
Since then
No follow-up pieces on this subject yet. This is the latest take.
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.