The crypto market turned red over the weekend, with Dogecoin (DOGE), Cardano’s ADA, and XRP each dropping over 7% as profit-taking set in after a strong week.
Bitcoin fell from a daily high of $111,200 to just over $107,000 on Friday, causing a swift change in sentiment. The drop came as President Donald Trump revived fears of a tariff war with the European Union — threatening a 50% levy as talks were “going nowhere.”
Market cap shed 5% and the broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens, fell 2.2% as traders moved to lock in gains amid rising volatility.
The move comes despite bitcoin touching fresh highs above $111,500 just days earlier, with ETF inflows, stablecoin legislation, and institutional buying supporting its rally. But those same tailwinds haven’t kept altcoins afloat in the short term.
“Bitcoin reaching a new all-time high also carries altcoins toward a bullish direction,” said Haiyang Ru, co-CEO of HashKey Group, said in a Telegram message. “But if BTC’s volatility picks up again, traders may rotate into regulated stablecoins — especially with new frameworks in the U.S. and Hong Kong easing that transition.”
Alex Kuptsikevich, chief analyst at FxPro, crypto sentiment recently hit levels last seen in January, just as BTC and ETH reached critical resistance zones. “Unlike previous BTCUSD rallies, the current movement is not just momentum-driven but backed by real demand and macro factors,” he noted.
Still, markets are showing signs of fatigue. Ethereum is struggling to break past its 200-day moving average near $2,650, while altcoins that previously surged — such as HYPE and EIGEN — are now cooling off after double-digit gains.
Analysts warn that if BTC doesn’t establish a new support zone, altcoin losses could deepen.
For now, the weekend pullback displays the fragility of rallies in low-liquidity conditions and the speed at which sentiment can turn.
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nader dabit
Everyday I feel very fortunate to have the opportunity to work incredible founders like @MRRydon.
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Mark
The power of DePIN is in its scalability. This unlocks unprecedented scale for @AethirCloud . It’s like throwing gasoline on a fire. And we couldn’t do it without the awesome team at @eigenlayer @sreeramkannan @dabit3 💚💚
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𝗰𝘆𝗰𝗹𝗼𝗽
Aethir 🤝 EigenLayer
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Aethir
Fam 💚
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Sreeram Kannan reposted
Mark
The power of DePIN is in its scalability. This unlocks unprecedented scale for @AethirCloud . It’s like throwing gasoline on a fire. And we couldn’t do it without the awesome team at @eigenlayer @sreeramkannan @dabit3 💚💚
Aethir
Fam 💚
ATH pre-deposits on @eigenlayer are here 🔥
Pre-deposit your ATH in the "EigenLayer ATH Vault" and receive EigenATH (eATH), a liquid staking token with big potential.
Stake 👉
Aethir is scaling the future of compute by leveraging Eigen’s AVS ecosystem. This means real rewards for our community and ATH stakers, directly from real compute utilization.
🧵👇🏻
23.7K
363
Dewhales and reposted
Aethir
Fam 💚
ATH pre-deposits on @eigenlayer are here 🔥
Pre-deposit your ATH in the "EigenLayer ATH Vault" and receive EigenATH (eATH), a liquid staking token with big potential.
Stake 👉
Aethir is scaling the future of compute by leveraging Eigen’s AVS ecosystem. This means real rewards for our community and ATH stakers, directly from real compute utilization.
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The current price of Eigen is ₺54.8033. Over the last 24 hours, Eigen has decreased by -12.41%. It currently has a circulating supply of 302,143,029 EIGEN and a maximum supply of 1,726,430,909 EIGEN, giving it a fully diluted market cap of ₺16.55B. At present, the Eigen coin holds the 98 position in market cap rankings. The Eigen/TRY price is updated in real-time.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
EIGEN is a universal intersubjective work token within the EigenLayer protocol. It's called an "intersubjective" token because it's designed to address intersubjective faults in a network. These are faults where there's consistent agreement among the majority of network participants that a malicious act has been committed. As a result, EIGEN helps to secure the network by discouraging inconsistent behaviors.
The EigenLayer protocol allows stakers of ETH, the native token of the Ethereum network, to extend the network's security to other applications across the EigenLayer network through a novel concept known as restaking. Here, ETH stakers can restake their tokens to secure other protocols built on EigenLayer, without the need to build a separate validator set.
How does EIGEN work?
Where ETH is used to secure services or protocols, EIGEN helps to address intersubjective faults that deserve a penalty by introducing intersubjective staking. In this situation, stakers who act outside of the network's rules can be penalized through slashing. Slashing sees individuals lose a quantity of their staked ETH. According to the project, through this approach, the EIGEN token allows the token to be forked without forking the Ethereum mainnet consensus.
EIGEN is also used to secure EigenDA, a data availability layer that supports Ethereum rollups.
Price and tokenomics
Season one of stakedrop claims for the EIGEN token opened on May 10, 2024. Here, 6.05% of the token's total supply of 1.67 billion EIGEN were made available to eligible users. Season one phase two of the stakedrop launched in June 2024, and made a further 0.7% of the total token supply available. According to the project, future seasons will see a further 1.5% of the total EIGEN tokens released.
Alongside the 15% of tokens allocated to stakedrops, 15% will go towards community initiatives, with 15% allocated to ecosystem development. A further 29.5% will be allocated to investors, with 25.5% assigned to early contributors.
All tokens allocated to investors and core contributors will remain fully locked up for one year after the date on which the token first becomes transferrable for the community. After this date, the EIGEN tokens allocated to investors and core contributors will be unlocked at a rate of 4% per month. This means EIGEN held by investors and core contributors won’t be fully unlocked until three years after the date the tokens first become transferable for the community.
About the founders
EigenLayer was founded in 2021 by Sreeram Kannan, a former professor at the University of Washington. Kannan remains as the project's CEO today. EigenLayer is developed by Eigen Labs, a research organization "focused on contributing to protocols that supercharge open innovation on Ethereum", according to the company's official X account.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.8K new posts about Eigen, driven by 967 contributors, and total online engagement reached 470K social interactions. The sentiment score for Eigen currently stands at 76%. Compared to all cryptocurrencies, post volume for Eigen currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Eigen.
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Posts
1,794
Contributors
967
Interactions
469,831
Sentiment
76%
Volume rank
#0
X
Posts
1,160
Interactions
95,370
Sentiment
88%
Eigen FAQ
What is the total supply of EIGEN?
EIGEN has a total supply of 1.67 billion.
Is it safe to trade EIGEN?
Although EIGEN is the native token of a legitimate crypto project in EigenLayer, there’s always an element of risk when trading any form of crypto asset. That's why it's important to do your own research and never trade with more than you can afford to lose.
What problem does EigenLayer solve?
EigenLayer helps to extend the security benefits of the Ethereum network to more projects in a cost-effective way, through restaking. Those who stake ETH can use EigenLayer smart contracts that extend cryptoeconomic security to other applications built on the network.
How can I get hold of the EIGEN token?
EIGEN tokens were initially available to users of the EigenLayer protocol who claimed their share of the tokens’ total supply. The tokens weren’t transferable once claimed, meaning any EIGEN held couldn't be brought or sold. You can obtain EIGEN once the token is listed for spot trading on exchanges.
How much is 1 Eigen worth today?
Currently, one Eigen is worth ₺54.8033. For answers and insight into Eigen's price action, you're in the right place. Explore the latest Eigen charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Eigen, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Eigen have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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