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EigenLayer whales accumulate EIGEN tokens post-transfer unlock despite price lag

Protocol Fundamentals
23 Jul 2026
Crypto Briefing
View Source
Bullish
pluang ai news

EigenLayer, a dominant player in Ethereum's restaking market, saw a surge in large transactions and new wallets after unlocking EIGEN token transfers on June 21, 2026. While the token price hasn't risen significantly, smart money, including a16z with a $170M total commitment, is accumulating tokens anticipating growth from the new EigenCloud platform. The total value locked (TVL) dropped from $15B to $4.72B, raising concerns about liquidity and user retention. Investors should watch wallet creation trends and TVL stability as these will indicate the protocol's future trajectory amid increased leveraged trading activity.

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