EigenCloud (EIGEN) 36.82MM Token Unlock
On October 1, 2025, at 10:00 AM UTC, EigenCloud will release 36.82 million EIGEN tokens to investors as part of its cliff vesting schedule. EIGEN serves as the native token for EigenCloud’s platform, enabling staking, governance, and cryptoeconomic verifiability for services like EigenDA, EigenCompute, and EigenVerify. The unlock aims to distribute tokens to early backers, increasing circulating supply from approximately 324.55 million to 361.37 million. Its purpose is to reward supporters while fostering ecosystem growth through enhanced liquidity. The significance lies in EigenCloud’s role as a verifiability-as-a-service platform, securing $12 billion in restaked ETH. This event may introduce short-term selling pressure, potentially impacting EIGEN’s price, currently around $1.30. Investors should monitor market reactions, as unlocks can lead to volatility; trade with caution.Recent NewsIn August 2025, EigenCloud patched a bug in its EigenPods system, ensuring secure rewards distribution and reinforcing trust. July saw the mainnet deployment of the Redistribution mechanism, allowing repurposed slashed funds, and Multi-Chain Verification on Base, enhancing cross-layer security. The June rebrand to EigenCloud, backed by a $70 million a16z investment, marked a shift to a developer-focused platform. These steps follow a $234.4 million funding history, cementing EigenCloud’s position in restaking alongside competitors like Symbiotic.Future PlansEigenCloud’s roadmap emphasizes scalable, verifiable applications. Q4 2025 targets broader AVS adoption and developer tools for seamless integration. By 2026, plans include expanding EigenCompute for off-chain processing and supporting more Layer 2 networks. Long-term, the project aims for billions in managed assets, positioning itself as a crypto AWS with global adoption of verifiable apps in AI, finance, and gaming, leveraging its $12 billion TVL.Onchain DataEIGEN’s circulating supply is 324.55 million, with a total supply of 1.74 billion and a market cap of $421 million. Recent 24-hour trading volume averages $111 million. Over $12 billion in ETH is restaked, per DeFiLlama, with active operator sets securing AVSs. Detailed staking metrics from Dune Analytics or Glassnode are limited, but wallet activity reflects robust engagement.Community SentimentPosts on X show mixed sentiment. Enthusiasm persists for EigenCloud’s restaking innovations and a16z backing, but some users express concerns over unlock-driven price dips, citing a 76% drop from the $5.65 ATH in December 2024. Influencers remain optimistic, emphasizing long-term value and structured vesting to mitigate dumps, fostering cautious hope.
EigenCloud (prev. EigenLayer)
October 1
