🦈 $EIGEN FACES A 36.8M SUPPLY EXPANSION AS DERIVATIVES POSITIONING DECOUPLES āš–ļø

A structural unlock of 36.82M $EIGEN looms, representing roughly 3.8% of circulating supply, yet price action contradicts basic retail distribution assumptions. Spot order books have absorbed passive bids to lift price 6.7% in 24 hours, even as derivatives open interest dropped nearly 13%.

šŸ” This divergence reveals smart money derisking leverage rather than aggressive short positioning ahead of the event. 🌊 Token unlocks dictate asset transferability, not immediate order book liquidation, shifting the real structural focus toward off-exchange recipient behavior and spot liquidity depth.

šŸ’¬ Are institutional recipients preparing to distribute into this spot strength, or will passive absorption neutralize the supply expansion? šŸ‘‡

āš ļø Not financial advice. Always manage your risk. šŸ›”ļø

šŸ·ļø #EIGEN #EigenLayer #TokenUnlock #MarketStructure

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