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

2024-03-19 09:54:58

This content discusses the journey of the EFI token, a governance token of a decentralized liquid staking protocol, highlighting its fluctuating value and distribution among various wallets post-airdrop.

💸 EFI token was distributed and debuted at $413, but its value dropped over 35% to $35.
🎢 The airdrop attracted around 20,000 participants, with top wallets receiving chunks of tokens.
🔄 Despite an equitable distribution approach, 76% of claimers moved their EFI tokens to different wallets.
📉 Daily active user count dropped by 54.3%, showing a roller coaster journey for EFI.
🤔 Post-airdrop, uncertainty remains about the future role of EFI in an evolving landscape.

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