Polychain unlocks 122 million EIGEN worth $23.88 million, 16.5% of supply, from EigenCloud staking contracts.

According to @ai_9684xtpa, three addresses suspected to belong to the same whale redeemed from Lido and EigenLayer within the past 4 hours, swapped to ETH, and sent 7,653 ETH to the same Binance deposit address, valued at $21.62M (implied ~$2,826 per ETH). Source: @ai_9684xtpa; Arkham Intelligence. The ETH was accumulated between May 2023 and July 2025 at an average cost basis of $2,476, implying a potential profit of $2.668M if sold. Source: @ai_9684xtpa. Profit versus the ETH peak has retraced about 69% for this stack, indicating materially reduced unrealized gains from prior highs. Source: @ai_9684xtpa. Referenced wallets: 0xDcE538B504DF877d51eFe1fb8EE3cE605E60256a, 0x447D6D8cdD00c4898e27cD8d3A681a95DaD8F399, 0xF9B84c483D284Abe63f5A1deaA7a5E7350862C83; on-chain histories viewable via Arkham Intelligence. Source: @ai_9684xtpa; Arkham Intelligence.