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EigenLayer prices are firm, as surge in whale activity offsets sluggish trading

2026-07-24 12:25:18
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Nowadays, price fluctuations in the crypto market no longer fully reflect the real situation, and EigenLayer's price trend once again confirms this point.

After months of fierce selling, the EIGEN token price is still hovering around US$0.23. However, on-chain activity is beginning to send a signal that large players may be quietly deploying rather than chasing short-term momentum.

Looking back at October 2025, EIGEN climbed from US$0.68 at the beginning of the year to a peak of US$2.15, but failed to break through the strong resistance area. Shorts then regained control of the situation, pushing prices all the way to the end of 2025 and deeper into 2026, eventually hitting a record low around $0.150.

Prices have not yet started, and the EIGEN whale has awakened early.

Recent data reveal a completely different picture underneath the surface.

The network recorded 60 giant whale transactions in a single day, the highest level since March 16. At the same time, 219 new EIGEN wallets were added, the strongest single-day wallet growth since June 10. Interestingly, these surges occurred during periods when prices were relatively stable and did not rise significantly.

This combination usually implies a sucking rather than a speculative buying, although it does not immediately confirm a trend reversal.

The re-pledge narrative continues to heat up

This renewed focus also coincides with growing interest in EigenLayer's broader ecosystem.

Unlike traditional pledge platforms, EigenLayer allows Ethereum verifiers to re-pledge assets to protect additional services called AVS. The value proposition of the agreement goes beyond the token price itself, closely linking EIGEN with Ethereum Shared Security, EigenDA's data availability network, and EigenCloud's vision of advancing verifiable off-chain services.

Recent wallet creation and giant whale activity may also reflect market attention to AVS rewards, fee-centered token economics, EigenCloud development progress, and upcoming token unlocking monitoring.

Key resistance still dominates the trend

From a technical perspective, EIGEN prices have rebounded along an uptrend line since bottoming out around US$0.150 in April 2026, which is quite similar to the recovery structure that emerged in 2025.

The next obstacle remains the 200-day exponential moving average, which is in the resistance zone between $0.32 and $0.34. If we can decisively break through this area, it may increase the possibility of retesting $0.70.

However, if this resistance level cannot be recovered, downside risks will remain and prices may fall back to US$0.150, or even test around US$0.100 in more severe bear market conditions. For now, on-chain activity seems to be picking up faster than prices themselves.

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