Smart Money Targets $EIGEN As U.S. 2024 Election Concludes 

As the U.S. 2024 election draws closer, smart money is moving into $EIGEN, with a well-known crypto investor, smartestmoney.eth, making a significant accumulation.

Over the past 35 hours, this experienced trader has withdrawn 1 million $EIGEN (valued at $2.47 million) from

Binance at an average price of $2.473. This trader is known for their previous impressive profit of around $20.6 million from $ETH, signaling a strong record of timing the market.

smartestmoney.eth (@smartestmoney_) is accumulating $EIGEN ahead of the U.S. 2024 election.

Over the past 35 hours, this smart trader withdrew 1M $EIGEN ($2.47M) from #Binance at an average price of $2.473.

Notably, this trader previously made a cumulative profit of around… pic.twitter.com/Velm5jepYy

— Spot On Chain (@spotonchain) November 6, 2024

Adding to the buzz around $EIGEN is the latest from Eigen Labs, which recently launched the v1 of its Eigen Economy Dashboard.

This new tool aims to enhance transparency by providing real-time insights into the ecosystem’s core metrics.

The dashboard is a work-in-progress, with plans for ongoing updates to reflect additional indicators and data crucial to the EigenLayer ecosystem’s health and growth.

Introducing the Eigen Economy

Eigen Labs is excited to announce the v1 launch of the Eigen Economy Dashboard: https://t.co/O8niLCln6Z

This dashboard is an ongoing initiative to provide a transparent, legible, and real-time view of the key metrics that drive growth in the… pic.twitter.com/3sd6wPdeoH

— EigenLayer (@eigenlayer) November 5, 2024

Meanwhile, Total Value Locked (TVL) within the EigenLayer is beginning to stabilize and return to its previous levels following a recent dip. This trend could suggest renewed investor interest, likely spurred by the introduction of the dashboard and broader market anticipation around assets linked to the election.

Eigenlayer TVL is starting to mean-revert again after a mild drop. Impressive! pic.twitter.com/9RcMhy4483

— firstset (@firstset_) November 4, 2024

As the EigenLayer ecosystem continues to expand, and with smart investors eyeing $EIGEN ahead of an election that could significantly impact markets, many are viewing this token as one to watch.

The moves by seasoned traders like smartestmoney.eth and Eigen Labs’ commitment to transparency are shaping the outlook for $EIGEN, as both institutional and retail investors follow these developments closely.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter  @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: andranik2018 / 123RF  // Image Effects by  Colorcinch

The post Smart Money Targets $EIGEN As U.S. 2024 Election Concludes  appeared first on The Merkle News.