๐ Despite a promising start, ETHFi's journey took a turn with a sharp 20% drop post-debut! ๐ Starting at $4.13, the token's value now sits at $3.41 on Binance, leaving investors feeling the sting. ๐ธ However, the initial buzz was undeniable, with over $118 million in trading volume achieved within a mere 45 minutes. ๐๐ฐ ETHFi's fully diluted value soared to $3.6 billion, reflecting the market's valuation with the total circulating supply. ๐๐ With significant participation in the Binance Launchpad, including $2 billion in FDUSD stablecoin and 17.3 million BNB staked, the ETHFi allocations were distributed accordingly. ๐๐ผ Looking ahead, ETHFi's distribution plan outlines exciting prospects, with additional tokens planned for future releases. ๐๐ Meanwhile, Ether.Fi's Total Value Locked (TVL) has surged by 117% in the past month, nearing a staggering $3 billion in deposits. ๐ผ๐ฐ The protocol's restaking mechanism offers ETH stakeholders the chance to earn extra yield and loyalty points through a liquid restaking token (LRT). ๐ช๐ Keep an eye on ETHFi's evolving journey as it navigates the volatile waters of the crypto market! ๐๐ข #ETHFiJourney #CryptoVolatility ๐๐
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