On October 7, overseas crypto KOL Ignas posted data pointing out that the number of EIGEN currently in pledged status is larger than the number of EIGEN in circulation, with 242 million pledged and 186 million in circulation (CMC and Coingecko data). This is because EigenLayer allows investor tokens in a "locked" state to be staked. Ignas added that this is a common problem in the industry, and TIA seems to have similar problems. It dilutes the staking rewards available to real users and limits the token's value-added potential, as the lower APY is not enough to attract people to buy these tokens from the market.