The post Large ETHFI Deposit to Binance Sparks Questions on Token’s Dynamics appeared first on Coinpedia Fintech News
In an intriguing move, a wallet likely associated with Ether.fi has deposited 800k ETHFI tokens, valued at approximately $1.87 million, into Binance just an hour ago. This same wallet had earlier received a substantial 10 million ETHFI tokens from the Ether.fi team three months prior. The exact vesting category of these tokens remains uncertain, raising questions about whether they originated from the airdrop or liquidity pools.
With ETHFI currently trading at $2.080 and holding a market cap of $239 million, market participants are keenly observing the impact of such substantial deposits on the token’s price and overall market dynamics.
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