Ethereum

2024

Spot

Coin

<ul class="news-points">
 <li><strong>According to Spot On Chain, ETHFI has introduced a leading staking narrative following recent price performance.</strong></li>
 <li><strong>The newly launched token surged nearly 3,000% in less than two weeks.</strong></li>
 <li><strong>Users consider Ether.fi an ideal protocol that democratizes Ethereum’s staking process.</strong></li>
</ul>
<p>According to Spot On Chain, the on-chain data analytics platform, ETHFI surged nearly 30% in 24 hours, achieving a new all-time high (ATH). In a recent post on X, the analytics platform noted that the rally introduced a leading staking narrative for the relatively new Ethereum staking protocol.</p>
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/search?q=%24ETHFI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETHFI</a> price surged ~30% (24H) to a new ATH, leading the <a href="https://twitter.com/hashtag/restaking?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#restaking</a> narrative!<br><br>We noticed 4 out of 5 top non-team/CEX holders have withdrawn 1.036M <a href="https://twitter.com/search?q=%24ETHFI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETHFI</a> ($5.4M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> and <a href="https://twitter.com/hashtag/KuCoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#KuCoin</a> at ~$5.208 in the past 22 hours.<br><br>Currently, these 4 wallets hold a total of 12.2M… <a href="https://t.co/KWeApyVycs" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/KWeApyVycs</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1772865294546924031?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 27, 2024</a>
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<p>Meanwhile, Spot On Chain highlighted some significant transactions in the ETHFI ecosystem. According to the analytics platform, four out of five top non-team/CEX holders withdrew 1.036 million ETHFI, equivalent to $5.4 million from Binance and KuCoin. The…</p>
<p>The post <a href="https://coinedition.com/ethfi-takes-over-staking-narrative-rallies-nearly-3000-in-10-days/" rel="noopener noreferrer nofollow">ETHFI Takes Over Staking Narrative, Rallies Nearly 3,000% in 10 Days</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

ETHFI Takes Over Staking Narrative, Rallies Nearly 3,000% in 10 Days

Coin Edition

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