# EigenLayer Plans to Enable EIGEN Trading Next Week

*Author: David Christopher*
*Published: Sep 24, 2024*
*Source: https://www.bankless.com/eigenlayer-plans-to-enable-eigen-trading-next-week*

---

EigenLayer is on track to lift transfer restrictions on its EIGEN token by September 30, allowing stakeholders to begin trading.

## What’s the Scoop?
- **Stakeholder Withdrawal Period: **Stakers must wait out a 7-day withdrawal period before unstaking their tokens.
- **Recent Airdrops:** [86M EIGEN](https://www.bankless.com/eigenlayer-announces-second-stakedrop) tokens were distributed during the second stakedrop from March to August 2024.

## Bankless Take:
EigenLayer's upcoming token transferability will mark a key moment for the protocol, whose TVL has dropped from its [high of $20B to $12B](https://www.theblock.co/post/317798/eigenlayer-expects-token-transfer-restrictions-to-end-september-30) over the past few months amidst broader market conditions and [increasing competition](https://www.bankless.com/restaking-isnt-only-for-eigenlayer). The pre-market token’s value (initially ~$10) has already dropped significantly since the first airdrop, influenced by [disappointment about the initial non-transferability](https://www.bankless.com/mixed-eigen-feelings), overall bearish trends, and the growth of rival projects like Symbiotic. With limited AVSs currently live and a high FDV, EIGEN may face difficulty once launched.

[Can EigenLayer Make Restaking Math Work? on BanklessThe restaking platform has billions in deposits and a challenging path toward sustainability.![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/icon/apple-touch-icon-2.png)BanklessJack Inabinet![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/thumbnail/lu.ma._doing_the_math_76541385-f730-40d3-99db-6d9b2b1b2024.webp)](https://www.bankless.com/eigenlayers-challenging-road-ahead)