Can EIGEN sustain its bullish run, or will lurking bears take over?
The cryptocurrency exchange platform Kraken has officially launched support for Ether restaking through the EigenCloud infrastructure. The protocol's native token, EIGEN, records a price of $0.26, sitting 96% below its all-time high set at $5.65.
Altcoin optimism returned as EIGEN tested a breakout structure after months of consolidation.
Shares of Nebius Group (NBIS) began trading Wednesday at $175.92, climbing to an intraday high of $179.96—a 52-week record—representing an approximately 9% gain for the session. The stock has surged more than 110% since the start of the year.
Shares of Nebius Group rallied 11.76% on Friday, finishing at $154.49, after the company revealed plans to purchase AI infrastructure specialist Eigen AI in a transaction valued at approximately $643 million through a combination of cash and stock.
On May 1, 2026, Nebius (NBIS) revealed its intention to purchase Eigen AI in a transaction worth approximately $643 million. The acquisition will be financed through a combination of cash and Nebius Class A shares, calculated using the company's 30-day volume-weighted average share price at the time of signing.
Analyzing EigenCloud's daily price surge amid altcoin market resurgence.
Sreeram Kannan argues AI agents combined with crypto ownership structures will create a trillion-dollar asset class of software-native firms.