Analysis: Approximately 40% of the suspected 51 Eigen Labs employee addresses chose to sell ETHFI, ALT, and REZ

Crypto analyst @defioasis posted on social media that through on-chain investigation, he found 51 suspected Eigen Labs employee addresses, which collectively received 487,933 ETHFI, 1,964,838 ALT and 1,335,090 REZ tokens. The peak value of these tokens exceeded $5.5 million in total. Among them, 41.3% of the addresses chose to sell ethERFI; 41.5% sold ALT while 31.7% continued to stake ALT; and 40% sold their REZ.

Previously reported by CoinDesk was an investigation revealing that employees of EigenLayer developer Eigen Labs had accepted millions of dollars in payments from other projects reliant on its technology - a situation raising potential conflict-of-interest issues. One team claimed it gave a portion of its tokens as a "thank you" gift to each Eigen Labs employee with each employee's share ultimately worth up to $80,000. Eigen Labs stated it only sent the list to teams who had contacted them or their employees for airdrops but one team said they received this address list from Eigen Labs even though they hadn't requested it.