EIGEN facing headwinds this session—down 4.98% over 24 hours while the broader market climbed 1.37%. The underperformance isn't random.



Three factors crushing momentum right now:

**Unlock Pressure**: 9.7% of total supply hitting the market creates persistent selling. Token unlock schedules typically weigh on price action until absorption stabilizes.

**Liquidity Crunch**: Trading volume tanked 33.5%, meaning fewer buyers to absorb selling pressure. When liquidity dries up, even modest sell orders can trigger sharp drawdowns.

**Technical Setup**: The chart shows concerning resistance levels and breakdown patterns, suggesting further consolidation likely before any recovery setup.

The combination of supply overhang + reduced volume makes this a tough environment for reversal trades. Market makers have less incentive to support bids when unlock pressure remains this heavy.
EIGEN2.49%
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LayerHopper
· 01-18 11:28
Unlocking pressure directly presses eigen to the ground for friction, and this energy combined with supply overhang... is definitely the prelude to a death spiral.
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AllInAlice
· 01-16 16:57
It's another unlock and dump, losing liquidity is even more heartbreaking... When will this rhythm allow us to catch a breath?
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MEVHunterZhang
· 01-16 09:05
I'm fed up, it's the same old story of unlocking and dumping. EIGEN was really beaten up this time.
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MEVHunterBearish
· 01-16 09:03
I knew it would be like this. As soon as unlock pressure hits, no one dares to buy the dip... Liquidity is directly cut by 33%. Who would dare to reverse operate in this environment?
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ForumMiningMaster
· 01-16 09:00
Eigen is really having a tough time this round, with unlocking pressure stacking and liquidity exhaustion... a typical right-side trapping situation.
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BakedCatFanboy
· 01-16 08:57
Another coin with high unlocking pressure, this time it's eigen. It's a bit troublesome.
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