EIGEN surges 23% as long positions and narrowing protocol losses boost bullish momentum

Eigen Cloud (EIGEN) saw a 23% price surge driven by strong capital inflows into long positions on the perpetual Futures market, with net long volume reaching $287 million. The funding rate remained positive, indicating bullish trader sentiment. Liquidation levels suggest limited upside room but favor further gains, while the protocol's earnings losses narrowed to negative $2.05 million, one of its lowest in Q2 2026. This combination of market positioning and improving protocol fundamentals supports potential continued price growth in the near term.