EIGEN Token Faces Smart Money Pressure with $22K Daily Outflow
TRANSACTION VALUE: $0.0M
EIGEN, the native token of the EigenLayer restaking protocol, has encountered fresh selling pressure from smart money wallets, with $22,173 in net outflows recorded over the past 24 hours. Two sophisticated addresses participated in the distribution, marking the first significant smart money activity in the 826-day-old token this month. Despite EIGEN's central role in Ethereum's restaking narrative and its substantial $185 million market capitalization, the smart money exit suggests either profit-taking after recent gains or a rotation away from restaking plays toward other DeFi primitives.