Polychain-related addresses unlocked and redeemed 122 million EIGEN, accounting for 16.5% of circulating supply
2026-05-22 01:31
According to monitoring by crypto analyst Yujin @EmberCN, approximately 7 hours ago, a batch of addresses suspected to be related to Polychain unlocked and redeemed 122 million EIGEN from the EigenCloud (formerly EigenLayer) staking contract, valued at approximately $23.88 million, representing 16.5% of EIGEN's current circulating supply.
The relevant EIGEN currently remains in the addresses without any further transfers. Yujin stated that these tokens originated from an investment allocation in 2024, with Polychain being one of the early lead investors in EigenCloud.
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