Many cryptocurrency enthusiasts should have gotten on board with Little Ethereum #ETHFI this time, but few can hold on for long. Why has it risen so much recently?
The explosion of staking activities is the most direct reason. In the past week, the staking volume of Ethereum suddenly surged, with ETHFI, as the leading staking protocol, having its TVL (Total Value Locked) directly surpass $3 billion, leading to a massive influx of funds pushing the coin price higher.
On-chain data shows that three mysterious addresses have collectively purchased over 2 million ETHFI (approximately $12 million) in the past two days, indicating that large holders are positioning themselves. Binance just announced the launch of ETHFI's spot wealth management, offering an annualized return of 15%, attracting many retail investors to follow suit.
There are rumors circulating in the community that the project team is planning a second round of airdrops, and those holding ETHFI may receive additional rewards, leading to a rush for tokens.
Note the risks:
Although the rise is rapid, staking projects are greatly affected by ETH prices. If Ethereum corrects, it could drop even more sharply. Those entering now should keep a close eye on stop-loss levels and avoid greed!
I still have a few spots waiting to take off!! Call for Brother Yuan to position!!
