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1.22 billion EIGEN tokens unlocked for redemption, accounting for 16.5% of the circulating supply

44 minutes ago

May 22 – According to EmberCN’s monitoring, 122 million EIGEN tokens (worth $23.88 million) were unlocked and redeemed from staking 7 hours ago, representing 16.5% of EIGEN’s total circulating supply. The unlock comes from addresses linked to investment firm Polychain, which pulled the full batch from the staking contract of EigenCloud (previously known as EigenLayer). As of press time, the EIGEN tokens have not been further transferred. The funds are part of Polychain’s 2024 investment allocation, and the venture capital firm is one of EigenCloud’s lead investors.
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