EigenLayer (EIGEN) Listing on Coinbase and Binance: What to Expect
Coinbase and Binance are both adding support for **EigenLayer (EIGEN)**, an Ethereum-based altcoin. This listing is set to take place on October 1, 2024, at 09:00 PT.
EIGEN is currently trading at approximately $4.10 and is expected to experience significant fluctuations following its mass listing.
This listing coincides with EigenLayer’s ongoing second phase of airdrops, termed the “stakedrop,” launched on September 16, 2024. This distribution will categorize EIGEN tokens among three key groups:
- Stakers & Operators: Participants who actively staked during Season 2 will receive a share.
- Ecosystem Partners: This category includes AVSs, LRTs, Rollups, RaaS providers, and other crucial contributors to the EigenLayer ecosystem.
- Community Members: Early advocates, contributors, developers, and content creators involved with EigenLayer will also benefit from the distribution.
The imminent listing of EigenLayer on Binance and Coinbase is generating excitement. However, the community is also raising questions about the token’s long-term viability and market impact. Generally, altcoins listed on top exchanges perform well after launch.
Despite its promising debut, support for EIGEN may face restrictions in certain jurisdictions. Potential investors should consider this factor. Also, since the second season of stakedrop commenced, scammers are trying to lure users with fake airdrop claims.
The hype around the token listing has been misused by these fraudsters, which could dampen community support for EIGEN.
You can learn more about EigenLayer here.
