According to Mars Finance, crypto analyst EmberCN reported that approximately 7 hours ago, a batch of addresses suspected to belong to Polychain unlocked and redeemed 122 million EIGEN tokens from the EigenCloud (formerly EigenLayer) staking contract. This amount is worth approximately $23.88 million, representing 16.5% of the current circulating supply of EIGEN. The EIGEN tokens remain in these addresses and have not yet been transferred further. EmberCN stated that these tokens originated from investment allocations in 2024, and Polychain was one of the early lead investors in EigenCloud.
Data: Polychain-related addresses unlocked and redeemed 122 million EIGEN tokens, representing 16.5% of the circulating supply.
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