Polychain Capital has unlocked and redeemed 122 million EIGEN tokens, valued at $23.88 million, from staking contracts on EigenCloud, formerly known as EigenLayer. This transaction, which occurred seven hours ago, represents 16.5% of EIGEN's circulating supply. The tokens, originating from a 2024 investment allocation, remain in the addresses without further movement. Polychain is a leading investor in EigenCloud.
Polychain Unlocks $23.88 Million in EIGEN Tokens from Staking
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