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( Date: Friday 12 July 2024, 03:25 AM GMT):

In today’s cryptocurrency market, the Ether.fi team made a significant move by depositing a large number of tokens. According to Lookonchain, a wallet linked to the Ether.fi team transferred 880,000 ETHFI, worth approximately $1.87 million, to Binance just 30 minutes ago.

This wallet previously received a hefty sum of 10 million ETHFI, valued at $65.2 million, from the Ether.fi team wallet three months ago. The address of the wallet is 0x57CC1CAE9E9567EBDBc9537536916273A2015491.

Despite this recent transaction, the wallet still holds a substantial amount of ETHFI tokens. As of now, the ETHFI token is trading at $2.10, experiencing a 3.15% drop in the last 24 hours. The current market capitalization of ETHFI stands at $241 million.

Nilesh Hembade
Written by
Nilesh Hembade
Nilesh Hembade is the Founder and Author of Coinsprobe, with 5+ years of experience in cryptocurrency and blockchain. Since launching the platform in 2023, he delivers daily, research-driven insights through market analysis, on-chain data, and technical research. His work has been featured on Binance, Bitget, and CoinMarketCap. He is also certified through Binance Academy (NFT Certificate).
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