$EIGEN Faces Criticism Over Token Launch 😶‍🌫️

EigenLayer's token launch hasn't been without its challenges.📉🐻

The token has seen a significant drop in price since going live, and there's been criticism over the lack of restrictions on staking rewards for early investors. 🤌😡

This situation reminds some people of what happened with Celestia ($TIA ) 's token launch. 💩

It's a tough situation for EigenLayer, 😬 but it will be interesting to see how they address these concerns and whether they can regain investor confidence.

What do you think about the EigenLayer token launch? Let's discuss! DYOR! #EigenLayer #controversy #EIGENonBinance

Source: CoinDesk

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Silentrocket

Oct 1

Is It Too Late to Jump on the $EIGEN Train? 🚂 #EigenLayer is finally on #Binance ! But is it too late to buy in? 🤔

Let's take a look at the numbers: 💻👇

▶️ TVL is dropping: The total value locked in EigenLayer has decreased from its peak of $20 billion.

▶️ Competition is heating up: Projects like #Symbiotic , #Solayer , and Karak are also in the restaking game. ⚔️⛈️

▶️ EIGEN's price is questionable: The token is trading at $4.12!! It used to be traded (pre-market) as high as $12 each! But this might be a great chance to get it while discounted. 🙄

So, should you buy #EIGEN ? The hype around restaking seems to be slowing down, and there are plenty of competitors. 🤷

What do you think? Let us know in the comments! 👇DYOR!