Where are the chips flowing? Here’s a clue: $EIGEN — EigenCloud’s fee revenue suddenly jumped to $128,000 in 24 hours, about 5 times its usual level.
Fees are votes users cast with real money: such high fees mean a large volume of trading took place on EigenCloud that day. The question worth asking is whether a handful of whales were actively moving in and out, or whether users overall have returned. The former can be fleeting; the latter would be much more significant. The token is down 0.79% over 24 hours.
#EIGEN
Crypto assets can rise and fall fast. Don’t use too much leverage.
Fees are votes users cast with real money: such high fees mean a large volume of trading took place on EigenCloud that day. The question worth asking is whether a handful of whales were actively moving in and out, or whether users overall have returned. The former can be fleeting; the latter would be much more significant. The token is down 0.79% over 24 hours.
#EIGEN
Crypto assets can rise and fall fast. Don’t use too much leverage.