Data: 122 million EIGEN tokens have been unlocked and redeemed, accounting for 16.5% of the circulating supply.

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Golden Finance reports that on May 22, according to on-chain analyst Yu Jin's monitoring, 122 million EIGEN tokens (worth $23.88 million) were unlocked and redeemed from staking seven hours ago, accounting for 16.5% of EIGEN's circulating supply.
Seven hours ago, these tokens likely belonged to a group of addresses associated with the investment firm Polychain, which unlocked and redeemed 122 million EIGEN tokens from the re-staking leader EigenCloud (formerly EigenLayer) staking contract. Currently, these EIGEN tokens have not been transferred further.
The tokens originate from the investment allocation in 2024, and Polychain is one of the lead investors in EigenCloud.
EIGEN-1.74%
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