EigenLayer Unlock: What Happens to 39.5 Million EIGEN on September 1

On September 1, 2026 at 00:00 UTC, 39,488,745 EIGEN leave lock-up at EigenCloud, the project that ran under the name EigenLayer until 2025. That amounts to 4.49 percent of circulating supply and, at the August 29 price, roughly $7.66 million. The whole tranche goes to two recipient groups that the emissions model lists as Investors and Early Contributors: to backers and to early staff. There is no airdrop inside it, and none of it reaches stakers.
The date itself is the smaller part of the answer. September 1 is not a special tranche but the next instalment of a fixed monthly series that began in October 2025 and ends in October 2027. Anyone holding EIGEN is therefore dealing with a permanent property of that position: on the first of every month, insider supply can reach the market on schedule. Nobody had written this up in German until now, even though the series has been running for eleven months.
What is a token unlock?
An unlock is the point at which contractually locked tokens become transferable again. Before it, the recipient can hold them but neither sell nor move them. After it, they may. Whether they will is not something the term says.
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