Kraken Deposits 5.06 ETH Into Eigencloud as EIGEN Sits 96% Below $5.65 High

On May 26, Kraken deposited 5.06 ETH worth about $1.07M into Ethereum restaking protocol Eigencloud, according to EmberCN. The move comes as Eigencloud reports more than $6.53B in TVL while its EIGEN token trades near $0.25, roughly 96% below its $5.65 all-time high.