Why Eigen Coin Crash Amid Cloud Launch and $70M Token Funding
Eigen coin price is in the spotlight again — but this time, not for a pump. Despite the long-awaited EigenCloud launch and a massive $70 million token buy by a16z crypto, the price dropped nearly 10% in 24 hours. The token now trades around $1.19, even as volume surged 74.80% to $151 million.
So, what happened? Why did the token price crash when the fundamentals seem stronger than they have ever been? Let's drill down on this inflection point for one of the most ambitious infrastructure plays in all of crypto.
What Is EigenCloud — And Why Does It Matter?
It is a powerful platform that brings verifiability-as-a-service to Web2 and Web3.
“This platform will enable mass-market crypto apps... It makes virtually anything verifiable onchain.”
— Sreeram Kannan, CEO of the company
Source: X
This move creates a new stack for trustless cloud computing, reshaping Ethereum from a ledger into a programmable trust engine — a key factor driving long-term coin price prediction optimism.
EigenLabs Funding and Big Backers
This news hit when a16zcrypto revealed a $70 million direct token purchase, right after previously investing $100 million in its Series B round (Feb 2024).
Source: Ali Yahya X Account
This renewed funding highlights their belief in layer’s token-centric model, where apps pay usage fees in this token — fueling both growth and restaking rewards.
Why Is Eigen Token Falling Today?
Let’s answer the big question — why is it token falling today, despite the hype?
Reason 1: “Buy the Rumor, Sell the News”
Early buyers exited after its Cloud launch, locking in profits. This is a classic market move.
Reason 2: Bearish Chart Signals According To TradingView
Source: TradingView
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Support broken at $1.30
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RSI at 42.65, nearing oversold
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MACD bearish crossover confirmed
This bearish structure incited fear in the short-term holders per my analysis being a cryptocurrency writer, and then quickly forced out some of those that were quick to sell.
Reason 3: Retail Volume Cooling
Though volume surged on the day of the news, it's still below May's peak, indicating lower retail conviction — a key reason behind the Eigen coin price falling trend.
Technical Snapshot: What Charts Say About Eigen Coin
| Indicator | Signal |
|---|---|
| RSI (14) | 42.65 – Weak, but not oversold yet |
| MACD | Bearish crossover below 0 |
| Support Levels | $1.15 and $1.00 |
| Resistance | $1.35 and $1.50 |
| Overall Trend | Short-term downtrend |
Eigen Coin Price Prediction : What Comes Next?
- Short-Term (1–2 weeks): Price may hit $1.05 if $1.15 breaks, this price action is usually telltale of the market pricing in a local bottom.
- Mid-Term (1 month): Could bounce back to $1.35, especially if BTC and ETH stabilize
- Long-Term (Q3–Q4 2025): If adoption of the platform grows, price could break above $2.00 — especially if restaked AVSs expand utility and Eigenlayer crypto airdrop price momentum returns
Final Take: Is This a Buying Opportunity?
The Eigen Coin price has succumbed to profit taking, bearish technicals, and uncertainty in the short term. However, the fundamentals are strong backing, actual adoption, and visionary tooling; therefore, this might be accumulation time in the range of $1.00 - $1.15. Traders should wait, nonetheless, for trend reversal confirmation. Also, remember to always DYOR for cryptocurrency investments.
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