Crypto
Polychain Moves 14.65M EIGEN to Coinbase Prime
Polychain transferred 14.65 million EIGEN tokens to Coinbase Prime addresses six hours ago, as part of a larger redemption totaling 131.8 million tokens in May.
The transfer is valued at $3.09 million. Separately, 122 million EIGEN worth $23.88 million unlocked from staking seven hours ago, representing 16.5% of circulating supply.
Price action on the 4h chart shows EIGEN at $0.21 inside Bollinger Bands with EMA50 at $0.21 acting as immediate support and EMA200 at $0.2 providing deeper floor.