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Over the past 35 hours, this experienced trader has withdrawn 1 million $EIGEN (valued at $2.47 million) from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

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.

TVL On EigenLayer Begins To Stabilize 

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.

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.

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