EIGEN futures rise ahead of EigenLayer season 2 stakedrop

EigenLayer’s
pre-market
futures
have
bounced
back
after
falling
to
a
record
low
of
$2.17
last
week.

EigenLayer
(EIGEN)
rose
to
an
intraday
high
of
$2.73,
up
by
over
25%
from
its
lowest
level
on
Sep.
7.
However,
it
remains
30%
below
its
all-time
high.

OKX’s
pre-market
futures
allow
people
to
trade
tokens
before
they
are
airdropped.
These
futures
often
have
thin
volumes,
making
them
highly
volatile,
and
their
price
action
does
not
typically
predict
what
will
happen
when
the
airdrop
occurs.

The
rebound
came
after
the
EigenLayer
Foundation
announced
details
of
the
second
season
of
its
stakedrop,
set
to
begin
on
Sep.
17.
The
first
season
of
the
airdrop

ended
on
Sep.
7.

This
season
will
see
70
million
EIGEN
tokens

allocated
to
stakers
and
operators
with
up
to
10
million
tokens
going
to
ecosystem
partners.
Six
million
tokens
will
be
allocated
to
the
community,
including
open-source
contributors
and
early
supporters,
while
the
remaining
tokens
will
go
to
Protocol
Guild.

EigenLayer
has
become
one
of
the
biggest
players
in
the
crypto
industry,
where
it
offers
staking
solutions.
Data
by

DeFi
Llama
shows
that
it
has
become
the
second-biggest
player
in
the
DeFi
industry
with
over
$10.9
billion
in
total
value
locked.

Restaking
is
a
technology
that
allows
Ethereum
(ETH)
stakers
to
reuse
their
tokens
across
other
protocols.
In
addition
to
EigenLayer,
other
popular
liquid
staking
solutions
in
the
crypto
industry
include
Symbiotic,
Puffer
Finance,
and
Renzo.

EigenLayer’s
price
during
its
airdrop
is
still
unknown,
but
analysts
expect
it
to
be
one
of
the
biggest
listings
of
the
year.
A

Polymarket
poll
with
$1.9
million
in
assets
estimates
that
EigenLayer
will
have
a
fully
diluted
market
cap
of
less
than
$10
billion.