The post Is EIGEN Going For Another Rally Or Drop? appeared first on Coinpedia Fintech News
One of the famous cryptocurrency Eigen Layer, is gaining attention in the crypto market. It is one of the few cryptos where 99% of the investors are in profit currently. Also a mysterious crypto whale bought $7.25 million worth of EIGEN and forced the community to think if it is just the start of its rally. This is surprising as the token price is showing some instability. Let’s analyse what is happening in the market.
Price Swings and Technical Analysis
EIGEN’s price movements have been exciting lately. The token is down about 8.69% from its all-time high of $5.06, achieved just two days ago. Yet, trading volume surged by 41.15%, reaching $290.06 million. Investors seem to be watching closely. Interestingly, 99% of holders remain in profit, with only 1% at break-even. EIGEN’s price dipped by 1% earlier, hitting $4.44 before bouncing back slightly to $4.60, up 0.71% for the da
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