I was among the first @eigenlayer evangelists and educators.
Even now, I keep a % of the initial airdrop staked.
My thesis is simple: Restaking is the fundamental infra.
Why $EIGEN, why now ↓
1. Bullish ETH sentiment → Eigen’s security & usability expand → But still no price action post-rally.
2. Eigenlayer #1 in DeFi restaking with >$23B TVL & 200+ AVSs. No real competitors. TVL = ATH, token = near bottom.
3. Valuation setup → Down ~79.5% from ATH ($5.65). Trading at a narrative discount.
4. Institutional bet → a16z put in $170M; ETHZilla just restaked $100M ETH into EtherFi (on Eigen).
Imo, $EIGEN is currently very undervalued from a fundamentals perspective.
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