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.
Bitcoin24h
$108,651.95+2.62%
Ethereum24h
$2,564.22+6.09%
XRP24h
$2.24+2.95%
BNB24h
$659.00+1.61%
Solana24h
$152.42+2.78%
TRON24h
$0.2855+1.94%
Dogecoin24h
$0.1687+6.50%
Cardano24h
$0.5847+7.17%
Hyperliquid24h
$39.75+7.11%
Sui24h
$2.89+7.52%
CHART: Restaking assets down 33% in two months
Restaking allows users to goose up the yields of ETH and SOL to double and triple digits by adding complexity, leverage, and risk.
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Circle execs and VCs misread the market — it cost them $2B—by Protos Staff
