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2 Red Flags Behind Eigen Coin Price Crash: Check Why and What
2 Red Flags Behind Eigen Coin Price Crash: Check Why and What
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Eigen coin''s price faces renewed scrutiny as it tumbles nearly 10% within 24 hours. The decline comes despite two significant bullish catalysts: the long-awaited launch of EigenCloud and a $70 million token purchase by a16z crypto. Market participants are questioning whether this represents a classic "buy the rumor, sell the news" event or reveals deeper structural issues.
The price action contradicts typical market expectations where major platform launches and institutional investments typically drive appreciation. This divergence suggests either profit-taking after anticipation built during the pre-launch phase, or concerns about the project''s fundamentals that outweigh these positive developments.
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