EigenLayer (EIGEN) Open Interest Hits Record Low After 25% Price Drop

About ten days after EigenLayer listed its native token, EIGEN, on exchanges, its price attempted to revisit the launch price, fueled by a notable rise in Open Interest (OI). This surge suggested strong interest among traders.  However, EIGEN’s OI has plunged to its lowest level since its launch. What does this imply for the altcoin’s value? EigenLayer Goes From Hype to... source: https://beincrypto.com/eigenlayer-open-interest-hits-record-low/