Polychain Capital Moves $3.1M Worth of EIGEN Tokens to Coinbase Prime

Polychain Capital has deposited $3.1 million worth of EIGEN tokens to Coinbase Prime, on-chain data shows.

The transfer involves 14.65 million EIGEN tokens and is part of a broader pattern of large token movements by major holders.

This move by Polychain Capital does not necessarily indicate an intention to sell the tokens, as it can also be part of normal treasury management or staking operations.

Polychain still holds 70.29 million EIGEN tokens, suggesting a continued long-term interest in the project, even as it rebalances its portfolio.