The EIGEN token has come under significant pressure as it faces a 10% monthly dilution due to its 24-month unlock schedule, releasing $47 million in value each month. This dilution is equivalent to 10% of the token's current market cap. The situation has been exacerbated by a 53% single-day drop on October 10, triggered by market volatility linked to tariff news.
In the past 30 days, 68% of top-earning traders have exited their positions in EIGEN, a trend that began before the recent crash. Despite EigenCloud's strong fundamentals, including a total value locked (TVL) of $17.5 billion and partnerships with major companies like Google and Coinbase, the token's economics are under pressure from the ongoing supply increase.
EIGEN Token Faces Pressure Amid 10% Monthly Dilution and Trader Exodus
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