EigenLayer Worth Plunges 15% After Justin Solar Dump As Buyers Flock To This Vote-To-Earn Meme Coin For Its 6,173% APY

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The EigenLayer worth plunged 15% within the final 24 hours to trade at $3.47 as of 00:41 a.m. EST on buying and selling quantity that plunged 46% to $527 million.

This comes as Tron founder Justin Solar offloaded all of the 5.374 million EIGEN tokens acquired from the EigenLayer airdrop, garnering about $21.66 million.

Justin Solar crew withdrew 21.66 million USDT from Binance as we speak, which signifies that the 5.374 million EIGEN airdrops that Justin Solar acquired yesterday have all been bought at a mean worth of $4.03. Beforehand, the six addresses belonging to Solar acquired 5.374 million EIGEN the… https://t.co/ES3HtBOf47

— Wu Blockchain (@WuBlockchain) October 2, 2024

The sale occurred shortly after EIGEN token transfers turned doable.

EigenLayer Worth Goals For A Bullish Development Reversal

The EigenLayer worth has been on a sustained downtrend following the airdrop, based on information from GeckoTerminal. EIGEN is in a downward channel or falling wedge sample, which is often a bullish reversal sample. As the worth approaches the wedge’s apex, it may break to the upside if momentum continues to construct.

With the bearish pattern, the worth of EigenLayer has surpassed the 50-day Easy Shifting Common (SMA), marked at $3.7880, indicating that the asset is in a short-term bearish pattern.

The Relative Energy Index (RSI) is at the moment at 46.15, which is within the impartial zone. This implies that the asset isn’t overbought or oversold, and there’s no sturdy indication of a reversal based mostly solely on RSI. Nonetheless, the RSI has not too long ago moved upward from decrease ranges, displaying that promoting stress might weaken and consumers are stepping in.

If the bulls reach staging a bullish pattern reversal, the worth of EigenLayer may transfer as much as breach the higher boundary of the wedge as they aim the subsequent resistance zone at $4.0.

EigenLayer Price Chart Analysis Source: GeckoTerminal.com — EIGENUSD Chart Evaluation Supply: GeckoTerminal.com

Conversely, if the bears proceed pushing the worth down, EIGEN might plunge additional down, with the subsequent assist zone at $3.0, which acts as a cushion in opposition to downward stress.

In the meantime, buyers searching for diversification alternatives would possibly need to take into account a brand new meme coin ICO known as Flockerz (FLOCK), which gives a stratospheric 6,173% Annual Share Yield (APY).

In keeping with 99Bitcoins, a well-liked crypto channel on YouTube with over 706Okay subscribers, $FLOCK has the potential to soar 100X after its launch.

Flockerz Presale Garners Over $366Okay In Presale

With its inventive Vote-to- Earn (VTE) system, Flockerz is empowering its group, “The Flock,” with affect over the mission.

As an incentive, contributors obtain $FLOCK tokens for his or her involvement.

Flockerz goals to redefine decentralization via its community-driven governance system, generally known as Flocktopia. Not like different tasks the place a choose few make selections, FLOCKERZ opens its governance to all token holders.

The flock is flying excessive! We’ve formally crossed $300Okay! pic.twitter.com/MsLc5PeoyX

— Flockerz (@FlockerzToken) September 28, 2024

In Flocktopia, selections concerning the mission’s future are made collectively by “The Flock,” the group of $FLOCK holders. Each member has a say, making the platform a very decentralized and inclusive setting.

Aside from VTE rewards, customers can earn passively via the platform’s staking mechanism, with a sky-high annual yield of 6,173%.

To hitch the presale, you can buy $FLOCK on the official website here for $0.0056785 per token utilizing BNB, ETH, or USDT. You may also make purchases utilizing your financial institution card.

Purchase earlier than a worth hike in lower than a day to safe the perfect deal.