This is why ETHFI is down despite of ETH ETF as not expected

This is why ETHFI is down despite of ETH ETF as not expected. 
unlocking 25Million ETHFI tokens to circuiting supply can devalue Ethfi by 17% & more due to increased selling.
 exact token release date or strategy is still not known. 
 
this announcement was released officially by ethfi foundation on 30th June probably caused ETHFI price crash yesterday & today.
with the current situation bearish trend may continue and stabilize gradually.
sadly this is how cripto market fluctuate.
Save your funds if you're a short term trader.
token unlock will be a good buying opetunity for long term traders.

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Ether.fi Foundation Proposal Approved, 25 Million ETHFI Tokens To Be Allocated For Q3

According to BlockBeats, the Ether.fi Foundation has announced the successful approval of its proposal. The foundation will allocate 25 million ETHFI tokens for the third quarter of the year. The official announcement was made on social media on June 30th.

The Ether.fi Foundation's proposal aims to distribute a significant number of ETHFI tokens, specifically 25 million, during the third quarter. This move is part of the foundation's ongoing efforts to enhance the Ether.fi ecosystem and provide value to its users.

The approval of the proposal signifies a positive step forward for the Ether.fi Foundation and its community. It also reflects the confidence and support of the community in the foundation's plans and strategies. The allocation of the 25 million ETHFI tokens is expected to contribute significantly to the growth and development of the Ether.fi platform.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

ETHFI

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This is why ETHFI is down despite of ETH ETF as not expected.

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