EigenLayer Price Plunges 15% After Justin Sun Dump As Investors Flock To This Vote-To-Earn Meme Coin For Its 6,173% APY
The EigenLayer price plunged 15% in the last 24 hours to trade at $3.47 as of 00:41 a.m. EST on trading volume that plunged 46% to $527 million. This comes as Tron founder Justin Sun offloaded all the 5.374 million EIGEN tokens received from the EigenLayer airdrop, garnering about $21.66 million. Justin Sun team withdrew 21.66 million USDT from Binance today, which means that the 5.374 million EIGEN airdrops that Justin Sun received yesterday have all been sold at an average price of $4.03. Previously, the six addresses belonging to Sun received 5.374 million EIGEN the… https://t.co/ES3HtBOf47 — Wu Blockchain (@WuBlockchain) October 2, 2024 The sale happened shortly after EIGEN token transfers became possible. EigenLayer Price Aims For A Bullish Trend Reversal The EigenLayer price has been on a sustained downtrend following the airdrop, according to data from GeckoTerminal . EIGEN is in a downward channel or falling wedge pattern, which is typically a bullish rever...