The EigenLayer team is currently investigating a suspicious wallet that has sold approximately $5.5 million worth of EIGEN tokens, raising concerns about potential violations of the established lockup schedule.
In a community update on X, EigenLayer stated, "We are investigating unapproved selling activity associated with this wallet." The findings will be shared with the community as soon as possible.
Data from Arkham Intelligence indicates that the wallet in question was funded by EigenLayer's multi-signature Gnosis Safe. To date, over 1.67 million EIGEN tokens have been sold.
EigenLayer has prohibited current and former employees from staking any EIGEN received from Eigen Labs on EigenLayer until at least September 30, 2025, and has imposed a freeze on selling tokens until next year.
According to the official lockup schedule, beginning in September 2025, 4% of each recipient's EIGEN will unlock monthly until all employee and investor tokens are fully unlocked in September 2027.
EigenLayer had previously communicated that investors and early contributors would follow the above lockup schedule. Given that EIGEN tokens were airdropped starting May 10, 2024, the wallet under investigation is still within the one-year lockup period.
As of press time, EigenLayer has not responded to requests for comment.
EigenLayer is an Ethereum-based protocol known for pioneering a crypto-economic security model called restaking, which enables the reuse of staked ETH to secure decentralized applications.
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