EigenLayer faces criticism for allowing early investors to receive rewards for staking locked EIGEN without locks or vesting

The situation is reminiscent of the Celestia token launch, which was followed by a 75% drop as investors were able to sell staking rewards.

The total supply of EIGEN is 1.68 billion, with 186 million in circulation. However, concerns are raised because of the 130 million EIGEN staked, 70 million are locked tokens of early investors. $EIGEN 🤡🤡