🔥 ether.fi Crosses $7.1M in ETHFI Buybacks 🔥
BlockBeats News (Sep 27, 09:34 UTC):
The ether.fi Foundation revealed that this week it used 51 ETH (~$205K) of protocol revenue to purchase 127,000 ETHFI under its ongoing buyback plan.
◾ Cumulative Buybacks: Over $7.1M worth of ETHFI repurchased to date
◾ Funding Source: Protocol revenue, making the program self-sustaining
◾ Market Signal: Reinforces commitment to token value & long-term holders
📊 Market moves (24h):
ETH +2.40%
ETHFI +6.33%
👉 With steady revenue-driven buybacks, ether.fi is shaping a deflationary narrative around ETHFI supply.
