Polychain-related addresses unlocked and redeemed 122 million EIGEN cards, accounting for 16.5% of circulation

In comparison, according to monitoring by crypto analyst Ember @EmberCN, about 7 hours ago, a batch of addresses suspected to belong to Polychain unlocked and redeemed 122 million EIGENs from the EigenCloud (formerly EigenLayer) pledge contract, worth about US$23.88 million, accounting for 16.5% of EIGEN's current circulation.

Currently, the relevant EIGEN remains at the address, and no further transfers have taken place. Ember said that this batch of tokens came from the 2024 investment allocation, and Polychain was one of EigenCloud's early lead investors.