Ether.fi $210M Airdrop Sparks Market Turbulence, ETHFI Value Drops By 35%

ETHFI governance token debuted at $4.13 post-airdrop on March 18, dropping to $3.05 subsequently. About 28% of the 16.8 million ETHFI tokens were claimed by 20,000 participants, with top wallets expecting significant token amounts. Majority of recipients, around 67%, received a lower token allocation, promoting fair distribution. Most claimers transferred their tokens, while 38% of recipients were new wallets as of May 1, 2023, indicating increased interest. Ether.fi witnessed a surge in net deposits and Total Value Locked (TVL), with net deposits growing by 136.9% to $2.99 billion in the last 30 days. TVL mirrored this increase, gained from robust growth, though active user numbers fluctuated, declining in daily, weekly, and monthly terms. Despite user base fluctuations, user engagement remained substantial, implying continued interest in Ether.Fi's ecosystem and the potential of ETHFI in the long run.#HotTrends #BOME