You can also read this news on COINTURK NEWS: Coinbase Includes EigenLayer in Its Listing Plans

Coinbase has incorporated EigenLayer (EIGEN) into its future listing agenda, much to the delight of cryptocurrency enthusiasts. This development coincides with EigenLayer’s second airdrop phase, known as “stakedrop,” which commenced on September 16, 2024. The airdrop represents the final step before EIGEN tokens are listed on exchanges, further fueling market expectations.

Coinbase Adds EigenLayer to Its Roadmap

The inclusion of EigenLayer (EIGEN) in Coinbase’s roadmap aligns with the exchange’s strategy to expand the range of assets available for trading and investment. By accepting EIGEN, the cryptocurrency exchange has broadened its portfolio of Ethereum -based assets.

Market Expectations and Price Surge

Coinbase updated its new asset addition process as a “roadmap.” This change aims to provide investors with better insights into upcoming listing schedules, enabling them to make more informed decisions. In the past, assets like Zetachain (ZETA) and Gravity (G) have experienced price increases after being added to the roadmap, and a similar price appreciation is anticipated for EIGEN as well.

Coinbase announced it will not enable transfers and trading of EIGEN until the listing is finalized. Investors have been advised against early investments in these tokens. Additionally, Coinbase has labeled new assets as “Experimental,” indicating that they carry higher risks and volatility due to their novelty in the market.

EigenLayer’s Second Season Stakedrop

Meanwhile, EigenLayer’s second season airdrop, or “stakedrop,” is currently ongoing, allowing participants to claim tokens between September 16, 2024, and March 16, 2025. The airdrop has elicited mixed reactions within the crypto community due to only 15% of EIGEN’s total supply being distributed. Nevertheless, EigenLayer remains a significant player in DeFi, with a Total Value Locked (TVL) of $11.9 billion, ranking third after Lido and Aave.

Crypto researcher Ignas anticipates that EIGEN could reach a market cap of approximately $600 million when trading begins. With about 87 million tokens to be distributed in the second airdrop season, this will constitute around 5.2% of the total supply. While EIGEN’s pre-market price shows a downward trend, analysts are closely monitoring whether Coinbase’s listing will trigger a price surge similar to what has occurred with other tokens.

Coinbase’s decision to add EigenLayer to its listing roadmap suggests potential positive effects on market dynamics for the EIGEN token. It is crucial for investors to stay updated with official announcements to seize the right opportunities.

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