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

BlockBeats News, May 22nd, according to EmberCN monitoring, 122 million EIGEN tokens ($23.88 million) were unlocked and redeemed from staking 7 hours ago, accounting for 16.5% of the EIGEN circulating supply.

The unlocking should belong to a batch of addresses from the investment firm Polychain, redeeming 122 million EIGEN from the staking contract of the staking leader EigenCloud (formerly EigenLayer). Currently, these EIGEN tokens have not been further transferred. The tokens are from the 2024 investment allocation, and Polychain is one of the lead investors in EigenCloud.