CandleFocus EigenLayer (EIGEN) Volume Drops 40%, Whales Step In to Defend $3 Level
2024-10-10
Author: Content Editor
After experiencing a drop in price, EigenLayer (EIGEN) is being closely watched by investors to see if recent buying activity from crypto whales can help spark a recovery. Despite a recent price crash, there has been speculation of further gains for EIGEN, but the token has dropped in the last 24 hours along with a decline in trading volume. On-chain data shows that crypto whales have continued to buy EIGEN, indicating a higher level of accumulation compared to distribution. The current price of EIGEN is close to a key support level, suggesting a potential price rebound. However, if crypto whales do not increase their holdings and with an upcoming token unlock in October, there is a possibility that the price could fall further.
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