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Unlocking tokens usually affects the market, but its impact depends on several factors such as general market sentiment, token demand, and the number of added tokens compared to circulating supply.
For EIGEN tokens, since 5.32% of the circulating supply will be added to the market, this may lead to some selling pressure, especially if token holders release them for immediate sale. This could result in a short-term price drop due to the sudden increase in supply.
However, if there is strong demand for the token or if the new tokens will be held or used for purposes other than selling (such as staking or participating in other protocols), the impact may be less. General market conditions, such as the overall performance of the digital currency market or specific developments related to the Eigen project, may also affect market reaction.
Therefore, the basic expectation is a slight decrease in price in the short term, but that largely depends on investors' response and continued interest in the project.