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🔓 @eigenlayer announced that its EIGEN token will finally become transferable on Sept. 30 after months of anticipation. The move will allow tokenholders to transfer and trade their tokens for the first time 👀 Read More: https://t.co/e5YVRwlSYb https://t.co/23RnuNW6DQ
$EIGEN premarket finally catching a bid. Currently trading $6.27b FDV. Which is not very impressive considering $ETHFI went to nearly $8b FDV earlier this year. Will be interesting to see what $EIGEN PA looks like once transferability is enabled in 6 days. Imagine performance… https://t.co/70z9HuWMjH
COMMENT: The $EIGEN token distribution ran from March 15 to August 15, 2024, during which 86 million tokens were distributed. https://t.co/J5zHt0rHS5
EigenLayer is set to lift transfer restrictions on its EIGEN token on September 30, 2024. The move will allow stakeholders to trade and transfer their tokens, including airdropped rewards. There is a 7-day withdrawal period for unstaking EIGEN, which stakeholders need to plan around. The EIGEN token will launch with a market cap of approximately $600 million and a fully diluted valuation of $5 billion, with 12% of EIGEN in circulation, placing it at 123rd in market cap rankings. The token distribution ran from March 15 to August 15, 2024, distributing 86 million tokens to 860,875 eligible stakers. Claims went live on September 16, 2024, following a snapshot on August 15, 2024.
