The market is all red, but this one turned green? $EIGEN is up a little—but still just 8% above its all-time low
Current price: $0.1600, up 0.88% in 24h; range: $0.1548–$0.1641. $BTC is down 0.75% at $73,864, and $ETH is down 2.03% at $2,062. The broader market fell while this one closed in the green—but don’t be fooled by that small gain.
EigenCloud (formerly EigenLayer) is an Ethereum restaking protocol, with EigenDA for data availability, EigenCompute for verifiable off-chain computation, and EigenVerify. $EIGEN is its ERC-20 governance and staking token.
The key point is the unlock schedule: on November 1, a monthly unlock of about 37.82 million tokens was completed (the 14th of 25 tranches, allocated to investors and early contributors). The next unlock is about 36.79 million tokens on December 1. Since rebranding as EigenCloud, the project has focused on a cloud-services narrative, but no new product launches have been announced for November.
Market data: Binance perpetuals had about $7.16M in 24h trading volume, about $4.24M in open interest, and a funding rate of +0.0050%/8h (longs pay a small fee); next settlement at 20:00 CST. Market cap: about $163 million (ranked 187th); FDV: about $297 million. Circulating supply: 1.019 billion tokens / total supply: 1.861 billion tokens. Down 14.30% over 7 days and 42.15% over 30 days; down about 97.2% from its December 2024 peak of $5.65, and only about 7.9% above its April 2026 all-time low of $0.1483.
The risks are clear: the 30-day trend is still down 42% and has not reversed. About 37 million tokens are unlocked for insiders on the 1st of each month; 11 tranches remain, totaling about 405 million tokens, or around 40% of the circulating supply. Selling pressure arrives monthly. There is no supply cap, so long-term dilution is a risk. Perpetuals trading volume is only $7.16 million and open interest just $4.24 million, meaning liquidity is thin and large orders could trigger a sharp plunge.
What to watch next: whether the 24h low of $0.1548 holds, whether the all-time low of $0.1483 is breached, whether the $0.1641 high can be sustained, and how funds move ahead of the December 1 unlock.
A restaking leader trading near its all-time low—is it bottoming out, or is the selling from unlocks not over yet?
For informational purposes only; not investment advice
Current price: $0.1600, up 0.88% in 24h; range: $0.1548–$0.1641. $BTC is down 0.75% at $73,864, and $ETH is down 2.03% at $2,062. The broader market fell while this one closed in the green—but don’t be fooled by that small gain.
EigenCloud (formerly EigenLayer) is an Ethereum restaking protocol, with EigenDA for data availability, EigenCompute for verifiable off-chain computation, and EigenVerify. $EIGEN is its ERC-20 governance and staking token.
The key point is the unlock schedule: on November 1, a monthly unlock of about 37.82 million tokens was completed (the 14th of 25 tranches, allocated to investors and early contributors). The next unlock is about 36.79 million tokens on December 1. Since rebranding as EigenCloud, the project has focused on a cloud-services narrative, but no new product launches have been announced for November.
Market data: Binance perpetuals had about $7.16M in 24h trading volume, about $4.24M in open interest, and a funding rate of +0.0050%/8h (longs pay a small fee); next settlement at 20:00 CST. Market cap: about $163 million (ranked 187th); FDV: about $297 million. Circulating supply: 1.019 billion tokens / total supply: 1.861 billion tokens. Down 14.30% over 7 days and 42.15% over 30 days; down about 97.2% from its December 2024 peak of $5.65, and only about 7.9% above its April 2026 all-time low of $0.1483.
The risks are clear: the 30-day trend is still down 42% and has not reversed. About 37 million tokens are unlocked for insiders on the 1st of each month; 11 tranches remain, totaling about 405 million tokens, or around 40% of the circulating supply. Selling pressure arrives monthly. There is no supply cap, so long-term dilution is a risk. Perpetuals trading volume is only $7.16 million and open interest just $4.24 million, meaning liquidity is thin and large orders could trigger a sharp plunge.
What to watch next: whether the 24h low of $0.1548 holds, whether the all-time low of $0.1483 is breached, whether the $0.1641 high can be sustained, and how funds move ahead of the December 1 unlock.
A restaking leader trading near its all-time low—is it bottoming out, or is the selling from unlocks not over yet?
For informational purposes only; not investment advice
