Ether.fi $210M Airdrop Sparks Market Turbulence, ETHFI Value Drops By 35%
Summary
ETHFI token debuted at $4.13 after a $210 million airdrop, but its value has dropped 35% to $3.05. 20,000 participants claimed 28% of the 16.8 million ETHFI tokens, with top wallets potentially receiving 10,000 to 25,000 tokens. Most claimers will get 175 to 500 tokens. 76% of claimers transferred their tokens, and 38% of receivers are new wallets. Ether.fi saw a surge in net deposits and Total Value Locked (TVL) to $2.99 billion over 30 days, but active user base fluctuated with a decline in daily, weekly, and monthly active users. This indicates growing interest in Ether.Fi's protocol but also challenges in user engagement.
