Maker

Pepe

DeFi

<p> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
<p class="is-style-lead">BlockTower Capital has shifted over $2M in Maker tokens to EigenLayer, signaling a growing interest in next-gen DeFi assets.</p> 
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   <li><a href="#maker-slumps-and-eigen-jumps-on-black-tower-reshuffle">Maker slumps and eigen jumps on BlackTower reshuffle</a></li>
   <li><a href="#meme-fi-project-crypto-all-stars-raises-2-1-m-in-ongoing-presale">MemeFi project Crypto All-Stars raises $2.1M in ongoing presale</a></li>
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<p>BlockTower Capital has rotated over $2 million worth of Maker tokens into EigenLayer, marking a growing appetite for next-generation DeFi cryptocurrencies.</p> 
<p>The move has also boosted other DeFi projects – a top trader has just predicted that meme coin-focused staking app Crypto All-Stars will see big gains in the near future.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/top-trader-says-crypto-all-stars-can-10x-after-raising-1-8m-through-ico/"> Top trader says Crypto All-Stars can 10X after raising $1.8M through ICO </a> </p> 
<h2 class="wp-block-heading" id="maker-slumps-and-eigen-jumps-on-black-tower-reshuffle"><strong>Maker slumps and eigen jumps on BlackTower reshuffle</strong></h2> 
<p>The move has had an impact on both the MKR and EIGEN prices.</p> 
<p>MKR has fallen by 0.75% today, while EIGEN has gained 1.2%.</p> 
<p>Lookonchain reported BlockTower Capital’s transaction on Thursday, revealing that the firm sent 1,815 MKR to GalaxyDigital and received 653K EIGNEN from Wintermute 20 hours later.</p> 
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   <p lang="en" dir="ltr">It looks like <a href="https://twitter.com/hashtag/BlockTower?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#BlockTower</a> Capital sold 1,815 <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank">$MKR</a>($2.48M) and bought 653K <a href="https://twitter.com/search?q=%24EIGEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank">$EIGEN</a>($2.38M)!<a href="https://twitter.com/hashtag/BlockTower?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#BlockTower</a> transferred 1,815 <a href="https://twitter.com/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank">$MKR</a>($2.48M) to <a href="https://twitter.com/hashtag/GalaxyDigital?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#GalaxyDigital</a> 20 hours ago and received 653K <a href="https://twitter.com/search?q=%24EIGEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank">$EIGEN</a>($2.38M) from <a href="https://twitter.com/hashtag/Wintermute?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#Wintermute</a> 10 mins ago.<br><br>Address:<br>0xAbe7E7aeCc560F34Fbf37845FEa3db9C499B29E5 <a rel="" href="https://t.co/tVnu7Mj5WJ" target="_blank">pic.twitter.com/tVnu7Mj5WJ</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1844391395366404465?ref_src=twsrc%5Etfw" target="_blank">October 10, 2024</a>
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<p>Glancing at Etherscan <a href="https://etherscan.io/address/0xabe7e7aecc560f34fbf37845fea3db9c499b29e5" target="_blank" rel="nofollow">data</a>, this is the first time the BlockTower Capital wallet has invested in EigenLayer. The firm’s holdings currently total $2.42 million.</p> 
<p>Despite the recent rotation, the wallet still holds 1,364 MKR tokens, which are worth $10.45 million at press time.</p> 
<p>In addition, the wallet controls $3.56 million worth of Maple Token, which is another DeFi crypto. It also holds $849K worth of Lido DAO, $142K worth of Blur, and $69K worth of FOAM Token.</p> 
<p>BlockTower Capital’s recent reallocation into EigenLayer reflects a growing risk appetite among market participants.</p> 
<p>Maker has been around since 2018, while EigenLayer token launched less than two weeks ago.</p> 
<p>Clearly, this makes EigenLayer a riskier bet. BlockTower Capital’s move illustrates the market’s swelling risk appetite as traders look toward a more bullish performance through Q4 and into 2025.</p> 
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   <p lang="en" dir="ltr">2024-2025 Bull run will melt faces. <br><br>Don’t get shaken out by whales. <br><br>Only few more weeks to go then <br>you will start seeing epic PUMPS 🔥</p>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1843656756263825770?ref_src=twsrc%5Etfw" target="_blank">October 8, 2024</a>
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<p>The growing risk appetite has positively impacted DeFi token prices, with the likes of Aave and Maker up over 100% from their yearly lows.</p> 
<p>However, one category always outperforms in a risk-on environment – and its meme coins. Tokens like <a href="https://crypto.news/price/dogwifhat" target="_blank">Dogwifhat</a> and <a href="https://crypto.news/price/pepe" target="_blank">Pepe</a> are each up over 1,000% this year. And many newer projects are up even more.</p> 
<p>Crypto All-Stars is a crypto that connects these two sectors, offering the first “MemeVault” that lets users stake their joke tokens.</p> 
<h2 class="wp-block-heading" id="meme-fi-project-crypto-all-stars-raises-2-1-m-in-ongoing-presale"><strong>MemeFi project Crypto All-Stars raises $2.1M in ongoing presale</strong></h2> 
<p>The project also aligns with BlockTower Captial’s recent move to rotate from legacy DeFi into a next-generation token.</p> 
<p><a href="https://crypto-news.care/b_cryptoas-en_111545?referrer=investment-firm-ditches-mkr-for-eigen-as-top-traders-back-new-staking-protocol-project" target="_blank" rel="nofollow">Crypto All-Stars</a> is a project that accommodates value-seeking investors who want exposure to crypto’s hottest and most counterintuitive trend: meme coins.</p> 
<p>The project lets users stake tokens such as Dogecoin, Shiba Inu, Pepe, Mog Coin, and more, and they’ll receive STARS token rewards in return.</p> 
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<p>STARS plays a significant role in the Crypto All-Stars app. Users must hold it to acces the platform, and their rewards depend on how much they hold.</p> 
<p>Moreover, users can stake their STARS tokens for more rewards.</p> 
<p>Currently, the project is undergoing a presale, and it has raised $2.1 million so far.&nbsp;</p> 
<p>Traders have high hopes for Crypto All-Stars. Recently, Jacob Bury said it will 10x in price, rivalling the gains produced by Dogwifhat and Pepe this year.</p> 
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 <div class="wp-block-embed__wrapper"> <iframe title="New 10X Potential MEME COIN Crypto Allstars Goes Live (BIG Potential?!)" width="1020" height="574" src="https://www.youtube.com/embed/JhA2h2SdBuo?start=229&amp;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
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<p>However, the difference between <a href="https://crypto.news/top-trader-says-crypto-all-stars-can-10x-after-raising-1-8m-through-ico/" target="_blank">Crypto All-Stars</a> and Dogwifhat or Pepe is that $STARS is backed by real utility and embraces the DeFi formula, which has helped projects like Maker and Aave stand the test of time.</p> 
<p>The Crypto All-Stars price will increase throughout the ICO, so prospective buyers should act quickly to secure the most value for money.</p> 
<p>For more information, <a href="https://crypto-news.care/b_cryptoas-en_111545?referrer=crypto-all-stars-presale-crosses-$750k---just-in-time-for-meme-coin-season" target="_blank" rel="nofollow">visit the Crypto All-Stars presale website</a>.</p> 
<p> Read more: <a rel="" href="https://crypto.news/memecoin-prices-soar-as-crypto-all-stars-hits-2m-in-presale/"> Memecoin prices soar as Crypto All-Stars hits $2m in presale </a> </p> 
<p> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p>

Investment Firm ditches MKR for EIGEN as top traders back new staking protocol project

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