$ETHFI Price Took a Dive! 🙈

Heads up, crypto fam! 😖 #ETHFI just hit a new low of $2.74 and is currently trading at $2.75. 🥶 While the trading volume is up 20% at $75 million in the last 24 hours, the price drop is a bit of a downer. 🥀

Zooming out, things aren't much prettier. ETHFI's token price has plummeted over 40% in the past month. Ouch!

Not Alone in the Storm: 👉 It seems like Liquid Re-staking protocols are all in the same boat. $REZ 's token price has also taken a beating, dropping 44% in the last 30 days. 😤

Why the Drop? 🤔The million-dollar question! We can't say for sure what's causing ETHFI's price to fall.

Whales Swimming Away? 🐳One interesting tidbit: the amount of ETHFI held by whales (big investors) has been steadily decreasing since June, dropping from 963 million to 948 million. Are they cashing out? 🙉

Here's a Silver Lining: 😤 ETHFI's TVL, which represents the total value of crypto staked on the platform, is actually up 2.9% compared to last month and sits at a healthy $6.27 billion. 💪 This suggests people are still using the platform, even if the token price is down. (This is in contrast to #REZ , whose TVL dropped almost 28% month-over-month.)

Stay tuned for more updates, crypto fam! We'll keep you posted on what's happening with ETHFI and the Liquid Re-staking space. DYOR!! #altcoins