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Polychain Moves $3.1M in EIGEN to Coinbase

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Polychain Capital has moved 14.65 million EIGEN tokens worth approximately $3.09 million to Coinbase Prime.

The transfer was flagged by blockchain analytics platform EmberCN and occurred about six hours before this report was published.

This move comes after Polychain previously unstaked 131.8 million EIGEN three months ago, followed by a restaking of 46.86 million tokens, leaving the remaining tokens available for transfer.

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