Karl recently shared insights regarding the $EIGEN token, revealing that a significant portion—40%—of all staked tokens originated from just 13 investor addresses. This concentration of staked tokens was previously unknown to the public, leading to misconceptions about the token's availability and influencing investment decisions. The situation is reminiscent of the $TIA token, where locked investors can stake their tokens and earn rewards, but in the case of $EIGEN, there has been limited staking activity from the broader investor base, although this could change in the future. Interestingly, shortly after Karl's findings, the 13 wallets began the process of unstaking their tokens, which means they will no longer receive staking rewards. Karl emphasized the importance of transparency in the investment space and expressed satisfaction that the team behind $EIGEN is addressing these issues. He believes that his work has contributed to greater transparency and hopes it will promote best practices in the industry. To support his findings, Karl provided a link to a public Dune dashboard that includes various data points such as airdrop claims, staking activity, unstaking queues, total value locked (TVL) flows, and notable staker addresses. He noted that he hesitated to share this information initially due to concerns it might incite fear, uncertainty, and doubt (FUD) about the project, despite his bullish outlook for its future. In previous discussions, Karl has also addressed other topics in the cryptocurrency space, such as MakerDAO's holdings of $GUSD and the implications of potential risks associated with its backing. He has explored the emerging narrative around Liquid Staking Derivatives (LSD) in relation to the Ethereum Shanghai Upgrade, and he has provided insights into the financial health of various protocols by analyzing their treasuries without considering their native tokens. His analyses often highlight the importance of understanding the underlying financial structures of these projects, especially in volatile market conditions.