EigenLayer’s token launch under scrutiny over supply issues

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MarsBit
10-02
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According to Mars Finance, EigenLayer has been criticized after it was revealed that the staking rewards received by early investors were not restricted by token lock-up. This situation is similar to Celestia's token issuance, which plummeted 75% after the issuance due to investors selling staking rewards. The EIGEN token initially rose to $4.39, and then fell more than 20% to $3.57.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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