122 million EIGEN unlocked and redeemed, accounting for 16.5% of circulation

122 million EIGEN ($23.88M) was unlocked and redeemed from staking 7 hours ago, making up 16.5% of EIGEN's circulating supply. Keep an eye on the subsequent movements of these tokens. 7 hours ago, a batch of addresses likely belonging to the investment firm @polychain unlocked and redeemed 122 million EIGEN ($23.88M) from the staking contract of the leading re-staking platform @eigencloud (formerly known as EigenLayer). Currently, these EIGEN tokens are still sitting in the addresses with no further transfers. These tokens originate from the 2024 investment allocation, and Polychain is one of the lead investors in EigenCloud. Polychain EIGEN redemption address set: https://intel.(arkm.com)/explorer/entity/7a09fe83-930c-4ac6-be2a-b4ebeb54eb4b -------------------------------------------------------------------------- Bitget: Join and you're a VIP! Crypto, US stocks, CFDs—global opportunities all in one place.