{"id":27801,"date":"2024-03-18T16:00:48","date_gmt":"2024-03-18T16:00:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ether-fi-ethfi-token-dumps-after-trading-debut\/"},"modified":"2024-03-18T16:00:48","modified_gmt":"2024-03-18T16:00:48","slug":"ether-fi-ethfi-token-dumps-after-trading-debut","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ether-fi-ethfi-token-dumps-after-trading-debut\/","title":{"rendered":"Ether.Fi (ETHFI) token dumps after trading debut"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/eth-ethereum-token-symbol-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/eth-ethereum-token-symbol-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/eth-ethereum-token-symbol-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/eth-ethereum-token-symbol-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">ETHFI, the governance token of liquid restaking protocol Ether.Fi, fell nearly 30% after its market debut.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Ether.Fi\u2019s token listed on major exchanges like Binance and OKX.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The price of ETHFI, the governance token of liquid restaking protocol Ether.Fi, has declined 30% just hours after its market debut.<\/span><\/p>\n<p><span style=\"font-weight: 400\">ETHFI listed on major exchanges, including <a href=\"https:\/\/coinjournal.net\/news\/tag\/binance\/\">Binance<\/a> and OKX, and traded to highs of $5.32. However, with profit taking in full swing, the token\u2019s price has fallen by about 30% to hit lows of $3.30.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to CoinGecko, Ether.Fi has a market cap of $394 million at the time of writing and a fully diluted valuation (FDV) of $3.4 billion. The token\u2019s circulation supply is 115.2 million ETHFI while total supply is 1 billion ETHFI.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ether.Fi was seeing trading volumes of $250 million. <a href=\"https:\/\/defillama.com\/protocol\/ether.fi\" target=\"_blank\" rel=\"noopener\">DeFiLlama<\/a> data shows total value locked (TVL) at $2.97 billion. That\u2019s slightly down from the peak of $3.13 billion on March 15, 2024.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">ETHFI tokenomics<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Ether.Fi is a huge protocol in the liquid restaking space and interest and hype around it was huge. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Launching in the Binance Launchpool was one of the biggest in recent listings. After its season 1 airdrop of 6% of total supply, season 2 will introduce 5%. The season 1 airdrop claims window will remain open for 90 days, the platform noted.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While analysts are bullish on the future of Ether.Fi as a project, the one disquieting factor for holders is the project\u2019s tokenomics.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ETHFI token allocations aim to promote long term, deep engagement in key governance decisions toward the continued success of the <a href=\"https:\/\/t.co\/gbHcksxzp2\">https:\/\/t.co\/gbHcksxzp2<\/a> protocol.<\/p>\n<p>The ETHFI airdrop will consist of 2 seasons. Season 1 is 6% of the full token supply. Season 2 will get 5% of the\u2026 <a href=\"https:\/\/t.co\/SBOIJQAfOR\">pic.twitter.com\/SBOIJQAfOR<\/a><\/p>\n<p>\u2014 ether.fi (@ether_fi) <a href=\"https:\/\/twitter.com\/ether_fi\/status\/1769002596201611571?ref_src=twsrc%5Etfw\">March 16, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">With 1 billion tokens, nearly 56% of that \u2013 55.76% to be precise \u2013 will go to private investors and core contributors. Private investors have 32.5% of the ETHFI supply while core team members will have 23.26% of the total supply, according to the project\u2019s tokenomics details.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ether-fi-ethfi-token-dumps-after-trading-debut\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) ETHFI, the governance token of liquid restaking protocol Ether.Fi, fell nearly 30% after its market debut. Ether.Fi\u2019s token listed on major exchanges like Binance and OKX. The price of ETHFI, the governance token of liquid restaking protocol Ether.Fi, has declined [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":27802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27801"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=27801"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/27802"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=27801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=27801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=27801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}