The Eigen Foundation has stated that the recent EIGEN token movements from its primary treasury wallet are solely intended for ecosystem expansion and operational needs, and are unrelated to any team token unlocks or sales, as clarified in a Lookonchain post. The foundation highlighted that these administrative transfers are meant to fund grants, partnerships, and liquidity programs that drive the growth of the Eigen ecosystem. This clarification comes at a time when the market is witnessing a wave of major token unlocks across leading blockchain projects, which, according to analysts, could increase short-term volatility, as reported byLiveBitcoinNews report.
The cryptocurrency sector is preparing for token unlocks exceeding $653 million between October and November 27, with projects such asSUI,SOL, TRUMP, and ASTER at the forefront, according to LiveBitcoinNews. Tokenomist data shows that SUI is responsible for the largest single unlock event, releasing $119.13 million in tokens (1.21% of its total supply). Other significant unlocks include EIGEN ($43.8 million),JUP ($23.6 million), and OMNI ($20.8 million). Although Eigen’s treasury activities are separate from these unlocks, the overall market situation highlights the delicate balance between funding ecosystem growth and the potential downward pressure from token releases, as outlined in a CryptoNewsLand breakdown
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Experts point out that large-cap tokens such as SOL and AVAX are likely to experience less price fluctuation due to their higher liquidity, while smaller projects with a greater percentage of tokens being unlocked—like GRASS (72.4% of supply unlocked) and SIGN (21.48% unlocked)—are more susceptible to sharp price changes, LiveBitcoinNews notes. This creates a varied environment for investors, where some tokens can absorb the increased supply, while others may face selling pressure. The Eigen Foundation’s focus on transparent treasury management and stable governance stands in contrast to these uncertainties, reaffirming its dedication to sustainable ecosystem development, according to the Lookonchain post.
