- According to Spot On Chain, ETHFI has introduced a leading staking narrative following recent price performance.
- The newly launched token surged nearly 3,000% in less than two weeks.
- Users consider Ether.fi an ideal protocol that democratizes Ethereum’s staking process.
According to Spot On Chain, the on-chain data analytics platform, ETHFI surged nearly 30% in 24 hours, achieving a new all-time high (ATH). In a recent post on X, the analytics platform noted that the rally introduced a leading staking narrative for the relatively new Ethereum staking protocol.
The $ETHFI price surged ~30% (24H) to a new ATH, leading the #restaking narrative!We noticed 4 out of 5 top non-team/CEX holders have withdrawn 1.036M $ETHFI ($5.4M) from #Binance and #KuCoin at ~$5.208 in the past 22 hours.
Currently, these 4 wallets hold a total of 12.2M… pic.twitter.com/KWeApyVycs
— Spot On Chain (@spotonchain) March 27, 2024
Meanwhile, Spot On Chain highlighted some significant transactions in the ETHFI ecosystem. According to the analytics platform, four out of five top non-team/CEX holders withdrew 1.036 million ETHFI, equivalent to $5.4 million from Binance and KuCoin. The…
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