Coinbase Listing Buzz Fuels EigenLayer (EIGEN) 7.72% Rally Despite Security Concerns

EigenLayer's EIGEN token has demonstrated remarkable resilience, surging 7.72% to $1.42 despite recent security concerns that initially caused a 4.6% dip. This rebound highlights traders' confidence in the project's technical indicators and fundamental developments, including rumors of a potential Coinbase listing and Caldera's partnership for EigenDA V2 integration. Market sentiment remains divided, with the RSI at 54.16 indicating neutral momentum but with potential for further upside. As of August 18, 2025, EigenLayer continues to capture market attention with its innovative approach and strategic collaborations.

EigenLayer (EIGEN) Rallies 7.72% Amid Security Concerns and Technical Recovery

EigenLayer's EIGEN token surged 7.72% to $1.42, defying recent security concerns that had triggered a 4.6% drop. The rebound reflects traders' focus on technical indicators and fundamental developments, including Coinbase's potential listing and Caldera's partnership for EigenDA V2 integration.

Market sentiment remains bifurcated. The RSI at 54.16 suggests neutral momentum with upside potential, while the unresolved $5.5 million unauthorized token sale investigation lingers as a bearish counterweight. Institutional interest grows as Coinbase eyes EIGEN for listing, but security vulnerabilities continue to test investor confidence.

Bitcoin Volume Declines as Altcoins Show Signs of Rally

Bitcoin's trading volume dropped 28% this week despite a modest price increase to $117,582, signaling potential capital rotation into altcoins. The cryptocurrency's market cap edged up to $2.34 trillion, but its dominance has slipped from 65% in May to below 59%—a clear shift in investor focus.

Ethereum, Solana, and select DeFi tokens have surged, with the altcoin market cap growing 50% since July. Institutions like Coinbase suggest an altcoin season may be imminent. Historically weak August performance for Bitcoin could test the $116,000 support level if the slowdown persists.

Public Companies Accumulate Ethereum Reserves, Holding Over 3% of Supply

Publicly traded firms are aggressively accumulating Ethereum, with corporate treasuries now holding more than 3.7 million ETH worth approximately $17 billion. This represents over 3% of Ethereum's total circulating supply, signaling growing institutional confidence in the asset.

BitMine Immersion Technologies leads the pack with 1,150,263 ETH acquired after a $250 million private investment round. The mining company, chaired by Fundstrat's Tom Lee, pivoted from Bitcoin-focused operations to establish a dedicated ethereum treasury strategy.

The trend mirrors earlier Bitcoin adoption patterns among corporations, but with notable figures like Ethereum co-founder Joe Lubin actively promoting ETH's value proposition to institutional investors. Other major holders include SharpLink Gaming and Coinbase, though specific reserve figures for these firms remain undisclosed.