Ether.fi (ETHFI) is a platform that makes Ethereum (ETH) staking decentralized and liquid. The ETHFI token is the native cryptocurrency of the platform and users can earn passive income by staking their ETH. Thanks to the liquid staking feature, staked ETH are not locked and users can liquidate these assets at any time. Furthermore, ETHFI token holders have the right to vote on the future of the platform. Ether.fi offers additional earnings on top of the rewards from staked ETH and uses various security measures to ensure safety.
Down 9.33% in the last 24 hours and at the time of writing, ETHFI is among the day's decliners. Ether.fi (ETHFI), a major global exchange-backed altcoin project, appears to have been rocked by massive selling by the team. According to its data, a wallet belonging to the Ether.fi team transferred 880,000 ETHFI worth $1.87 million to the exchange on July 12. This wallet had received 10 million ETHFI worth $65.2 million from the team 3 months ago. This wallet currently holds 8.82 million ETHFI worth $18.8 million. These sales may have caused a drop in the ETHFI price.
