Bitcoin24h $97,677.26+3.69%

Ethereum24h $3,343.81+8.42%

Solana24h $258.59+10.34%

BNB24h $620.09+1.83%

XRP24h $1.13+2.88%

Dogecoin24h $0.3860+2.09%

Cardano24h $0.7970-3.01%

TRON24h $0.2000+1.89%

Avalanche24h $35.62+4.93%

Shiba Inu24h $0.0000+2.72%

Justin Sun dumps another $14M of EIGEN after week of controversy

Justin Sun had previously claimed $21.5M worth of airdropped EIGEN, sending it to HTX shortly after the token unlocked for trading.

VCs secretly cashed out rewards on ‘locked’ EIGEN tokens

EigenLayer once claimed that a majority of its token supply would be locked for a year. Days into its launch, insiders started cashing out.

Restaking allows users to goose up the yields of ETH and SOL to double and triple digits by adding complexity, leverage, and risk.

Two Ethereum Foundation researchers disclosed advisory roles at EigenLayer’s EigenFoundation, raising concerns over conflicts of interest.