News linked to both this project and an event.
Odaily News: According to on-chain analyst Yu Jin's monitoring, 14.65 million EIGEN tokens, valued at $3.09 million, were transferred to Coinbase Prime 6 hours ago out of the EIGEN that Polychain redeemed from staking 3 months ago. Of the 131.8 million EIGEN tokens that Polychain redeemed at the end of May, 46.86 million were re-deposited into staking 1 month ago, 14.65 million were transferred to Coinbase Prime today, and the remaining 70.29 million are still held in the address.
According to Odaily, crypto analyst EmberCN (@EmberCN) reported that 11 hours ago, Kraken redeemed 50,600 ETH from the restaking project EigenCloud (formerly EigenLayer), valued at approximately $107 million.EmberCN noted that the total TVL in the restaking sector has dropped from approximately $31 billion in August 2025 to the current level of around $11 billion. Among them, EigenCloud, as the sector leader, has also seen its TVL decline from about $22 billion to $5.5 billion.
According to monitoring by on-chain analyst Yujin @EmberCN, approximately 7 hours ago, a batch of addresses suspected to be related to Polychain unstaked and redeemed 122 million EIGEN from the EigenCloud (formerly EigenLayer) staking contract, valued at approximately $23.88 million. This represents 16.5% of EIGEN's current circulating supply.Currently, the relevant EIGEN remains in these addresses and has not been further transferred. Yujin stated that these tokens originated from investment allocations in 2024, with Polychain being one of the early lead investors in EigenCloud.