FxWirePro- Token unlock tomorrow

EIGEN

Unlock date - Oct 8th  2024

Number of tokens  unlocked-  9.93 million EIGEN  (5.32% of its circulating supply)

Current Circulating Supply - 186.58 million EIGEN

Previous token unlock - Oct 1st, 2024

EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the reuse of ETH on the consensus layer. 

Token distribution

Future community initiatives- 9.93 million EIGEN (5.32%). The token unlock will not have much impact on price.

                                                                                               Source - cryptorank.io

EIGENUSD support and resistance-

Resistance - $3.60

Support- $3