Addresses related to Polychain unlocked and redeemed 122 million EIGEN, accounting for 16.5% of the circulating supply.
According to Odaily, crypto analyst Ember (@EmberCN) has monitored that about 7 hours ago, a batch of addresses suspected to belong to Polychain unlocked and redeemed 122 million EIGEN tokens, worth approximately $23.88 million, from EigenCloud (formerly EigenLayer) staking contracts, accounting for 16.5% of EIGEN's current circulating supply.
The related EIGEN tokens are still held at the address and have not yet been further transferred. Ember stated that these tokens originated from 2024 investment allocations, and Polychain is one of the early lead investors in EigenCloud.
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