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0xSun: Partially Shifts ETH Long Positions to Altcoins, Bullish on Eigen's Upside Potential
Summary: In a recent post, crypto trader 0xSun announced that due to the weakening momentum of ETH, he has gradually shifted 30% of his ETH long positions to altcoins such as XPL, HYPE, ENA, Eigen, Bonk, and Ondo, which he is still observing, to diversify his long portfolio. He noted that in the uptrend led by ...
In a recent post, crypto trader 0xSun announced that due to the weakening momentum of ETH, he has gradually shifted 30% of his ETH long positions to altcoins such as XPL, HYPE, ENA, Eigen, Bonk, and Ondo, which he is still observing, to diversify his long portfolio. He noted that in the uptrend led by ETH, L2, DeFi, and re-staking tokens have generally strengthened, with significant upside potential in the re-staking sector. Eigen, as a leading player in this field, has not only launched EigenCloud, becoming the top re-staking protocol and the fastest DA protocol, but also the first verifiable cloud system. 0xSun emphasized that A16Z's additional investment of $70 million in June and ETHZilla's $100 million ETH investment in re-staking are both positive developments for the Eigen ecosystem.
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Link: 0xSun: Partially Shifts ETH Long Positions to Altcoins, Bullish on Eigen's Upside Potential [Copy]
