EigenLayer and its native EIGEN token have been catching some attention lately – especially given the recent whale activity.
With big investors moving in, there’s growing buzz about whether EIGEN could be preparing for another rally.
In this article, we’ll look at what’s driving the hype and whether the new Crypto All-Stars (STARS) project could be next to surge.
Whale Buys Boost Confidence in EigenLayer’s Restaking Setup
EigenLayer is disrupting the Ethereum ecosystem with its “restaking” feature.
In simple terms, this feature lets users take their staked ETH (or other tokens) and use them to secure more DApps and services.
All while earning extra rewards.
It’s a smart system that lets new projects benefit from Ethereum’s security without building their own from scratch.
What’s caught everyone’s attention is the recent whale activity around EigenLayer’s native token, EIGEN.
According to Lookonchain, BlockTower Capital sold off $2.48 million worth of Maker (MKR) and picked up 653,000 EIGEN tokens instead.
But that’s not all.
Two new wallets dropped $6.03 million in ETH to grab 1.63 million EIGEN in just 30 hours earlier this week.
BeInCrypto also reported a 168% jump in the net flow of large EIGEN holders, which shows some serious accumulation by big players.
All of this whale activity suggests a growing confidence in EigenLayer’s potential.
EIGEN Price Forecast – Will It Break $5 Soon?
With whales making moves, could EIGEN be preparing for more gains?
Let’s look at the numbers.
Currently, EIGEN is trading around $3.73, representing a 7% bounce from yesterday’s low.
Unfortunately, EIGEN is still a bit under its $3.89 listing price.
But zooming out to last Sunday, the token is actually up 27% from its all-time low, showing there’s still strong demand – even when some were quick to count it out.
On top of that, trading volumes are looking solid at $234 million in the last 24 hours.
And EigenLayer’s total value locked (TVL) is holding steady at $10.7 billion.
All signs point to further price growth.
If EIGEN can break through Wednesday’s high of $4.15, don’t be surprised if it makes a run for the $5 level next week.
That psychological round number would represent a new all-time high.
It would also mark a 33% rise from where EIGEN is right now.
Overall, the signs still look promising for this disruptive restaking project.
New Staking Protocol Crypto All-Stars Gains Momentum as Presale Raises Over $2M
While everyone’s focused on EigenLayer, another project is quietly making moves in the meme coin DeFi space: Crypto All-Stars.
This project has been getting attention because of its MemeVault platform, which aims to be a hub for those looking to stake meme coins.
Crypto All-Stars is currently in its presale phase.
Early buyers are snapping up STARS tokens while they can, given they’re on offer for the low price of $0.0014947 each.
With over $2.1 million raised so far, it’s no surprise the presale is generating tremendous buzz.
Adding to the excitement is the STARS staking app.
Investors can lock up their STARS tokens while the presale is ongoing, generating APYs of 681%.
That means presale investors can earn more STARS for doing nothing.
Could all of these factors translate into post-listing success for Crypto All-Stars?
Like EigenLayer, Crypto All-Stars focuses on making staking easier, but they operate in different leagues.
One concentrates on meme coins, while the other boosts Ethereum’s security.
But dig a little deeper, and you’ll see some similarities, such as multi-asset staking, unified platforms, and high rewards for token holders.
And given that EIGEN saw a sharp rise in post-listing, many in Crypto All-Stars’ Telegram channel believe STARS might see the same.
Only time will tell whether STARS can match EIGEN’s success.
But with millions raised in presale and a fast-growing community, it’s a token that many are watching closely.
Visit Crypto All-Stars Presale
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