The proposal to buy back tokens with protocol revenues is intended as a new value accrual mechanism for tokenholders.
]]>EthereumFi ($ETHFI) has seen intriguing market activity over the last few hours. The price broke through a major resistance level on the higher time frame (HTF), but aggressive sellers have increased open interest by over $20 million, leading to a significant negative funding rate. This scenario sets the stage for a potential snowball effect once the funding rate stabilizes. On-chain analyst The Data Nerd reported that the EthereumFi team address deposited 880,000 $ETHFI (worth $2.03 million) to Binance just four hours ago. This follows a similar pattern from July 12th, when the same address deposited 800,000 $ETHFI (approximately $1.87 million)
The post Market Movements Shake $ETHFI: Resistance Breaks, Sellers Pile In appeared first on The Merkle News.
]]>On-chain reports from Lookonchain have revealed a significant movement of Ether.fi tokens. A wallet linked to the Ether.fi team deposited 880,000 $ETHFI, valued at approximately $1.87 million, to Binance today. This development has drawn attention due to the substantial amount involved and its potential implications. Three months ago, this wallet received a hefty 10 million $ETHFI, worth $65.2 million at the time, from the Ether.fi team wallet. This transfer has sparked curiosity and speculation within the crypto community. A wallet related to the https://t.co/Jqz8WvISH6 team deposited 880K $ETHFI($1.87M) to #Binance 10 minutes ago. This wallet received 10M $ETHFI($65.2M) from the
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