Tron (TRX) founder and CEO Justin Sun has emerged as a serious beneficiary of the EigenLayer token airdrop. He bagged over $2 million EIGEN tokens from the Phase 1 airdrop performed by EigenLayer. securing a whopping 2.08 million EIGEN tokens. Moreover, the group can be bracing for a Phase 2 airdrop.
Tron CEO Receives EigenLayer Airdrop Reward
The transaction, reported on Saturday, May 11, 2024 has sparked widespread curiosity towards the EigenLayer token launch, significantly given Sun’s influential standing inside the crypto area. Furthermore, the deal with linked to Sun, marked as “Justin Sun 4” (0x176…a132), notably ranked second by way of deposit quantity inside EigenLayer.
Prior to this airdrop declare, the deal with had made substantial contributions to EigenLayer’s ecosystem. Sun reportedly deposited 104,000 ETH immediately and a further 58,000 ETH by Puffer earlier than March, based on Wu Blockchain. The deposit is price over $469 million, based on present ETH worth.
EigenLayer, famend for its function as a number one restaking supplier on Ethereum, has attracted important consideration inside the blockchain area. Furthermore, it’s backed by over $100 million from Andreessen Horowitz. In addition, the platform boasts a pooled safety system that presently holds roughly $16 billion in person deposits.
EigenLayer’s eagerly awaited EIGEN token airdrop marks a major milestone for the undertaking. However, regardless of the joy surrounding the distribution, the brand new tokens stay non-negotiable for an unspecified interval. This delays their tradability. Meanwhile, rumors circulating inside the group recommend that EIGEN’s totally diluted market cap may doubtlessly attain a powerful $15 billion.
Also Read: EigenLayer Launches Phase 1 Claims for EIGEN Airdrop
About EIGEN Airdrop
The Eigen Foundation, by Eigen Labs, formally initiated the EIGEN token claims course of on May 10, 2024. This inaugural part, often called Season 1, provides roughly 113 million EIGEN tokens, representing 6.05% of the token’s preliminary provide. Moreover, contributors can declare their tokens by visiting claims.eigenfoundation.org, with the declare window slated to stay open till September 7, 2024.
As a part of its strategic token distribution plan, EigenLayer has carried out a phased method to make sure widespread participation and sustained group engagement. Phase 1, Phase 2, scheduled for mid-June, is about to extend the accessible provide by as much as 6.75%, with 15% of the overall preliminary token provide earmarked for group distribution throughout all seasons.
Hence, eligible customers can declare EIGEN tokens by participating in varied staking actions on EigenLayer, with extra bonuses prolonged to those that staked ETH or liquid staking tokens (LSTs) previous to March 15, 2024. Furthermore, contributors concerned in DeFi actions by platforms similar to Kelp, Pendle, and Equilibrium stand to obtain supplementary advantages.
Also Read: Spot Ethereum ETF Applicants To Meet US SEC, ETH Price To Rebound?
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