Markets· ★★· bearish·

Ether.fi (ETHFI) drops 8% to $0.685 after 1.5M token unlock

  • —ETHFI fell 7.98% to $0.685 after a 1.5M token unlock
  • —Token gained 16.86% over the week and 100.37% over 90 days
  • —Daily volume of $58.4M was 3.44% below the 30-day average
  • —21Shares launched an ETHFI ETP in Europe
Why it matters: The unlock pressures price, but the new European ETP could support institutional demand.
#ETHFI
Source: DiarioBitcoin
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