EigenLayer‘s pre-market futures have seen a resurgence, rebounding from a record low of $2.17 last week. The token, EIGEN, climbed to an intraday high of $2.73, marking an increase of over 25% from its lowest point on September 7. However, it remains 30% below its all-time high.

OKX’s pre-market futures offer a platform for trading tokens before they are officially airdropped. These futures often exhibit thin trading volumes, resulting in high volatility. Consequently, their price movements are not typically indicative of future performance post-airdrop.

The recent rebound in EigenLayer’s price followed the EigenLayer Foundation’s announcement regarding the second season of its stakedrop, which is set to commence on September 17. The first season concluded on September 7.

This upcoming season will allocate 70 million EIGEN tokens to stakers and operators, with up to 10 million tokens designated for ecosystem partners. Additionally, six million tokens will be distributed to the community, encompassing open-source contributors and early supporters. The remaining tokens will be allocated to the Protocol Guild.

“We’re excited to announce the EIGEN Season 2 Stakedrop in preparation for unlock! Season 2 will recognize key contributors and participants across the ecosystem: Stakers & Operators, Ecosystem Partners, and Community. Claims go live on or before September 17, 2024.”

EigenLayer has established itself as a significant player in the crypto industry, particularly in the realm of staking solutions. According to data from DeFi Llama, EigenLayer is the second-largest entity in the DeFi industry, boasting over $10.9 billion in total value locked.

Restaking is an innovative technology that allows Ethereum stakers to reutilize their tokens across various protocols. Besides EigenLayer, other notable liquid staking solutions include Symbiotic, Puffer Finance, and Renzo.

The exact price of EigenLayer during its airdrop remains uncertain, but analysts predict it could be one of the most significant listings of the year. A Polymarket poll, backed by $1.9 million in assets, estimates that EigenLayer will have a fully diluted market cap of less than $10 billion.

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