#SOL๐ฅ๐ฅ๐ฅ๐ฅ
Currently, the overall cryptocurrency industry is going through a price correction mode where top cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and many others have continuously experienced price falls. Amid this, the recently listed ETHFI also experienced a massive fall of over 37%, and two crypto whales seized this opportunity and accumulated a massive $2.19 million of tokens.
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Why crypto whales buying ETHFI?
Today on March 20, 2024, an on-chain analytic firm made a post on X (previously Twitter) that these crypto whales bought the dip and added a massive 718,393 ETHFI tokens from Binance at an average price of $3.05. Following this accumulation, these crypto whales became the top 20 ETHFI token holders. However, this is the first time that any crypto whales have added ETHFI tokens following its listing.
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Additionally, this token has recently been listed on Binance, and due to the price correction and negative market sentiment, it experienced a fall of over 24% following its listing. Currently, ETHFI is trading near $3.14, and in the last 24 hours, it experienced an upside momentum of 1%.๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ฐ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ
ETHFI price-performance analysis
If we look at ETHFIโs performance since its listing, following its listing, it experienced a downside momentum of over 23%, which is the reason why traders as well as investors are making big moves into ETHFI tokens. However, despite this massive accumulation, the 24-hour volume is also down by 66%, and it currently stands near $223 million.
Besides, the ETHFI token currently, the overall cryptocurrency market is down by 2.5%, where the worldโs biggest cryptocurrency Bitcoin, trading near $62,600, and in the last 24 hours, it experienced a downside momentum of 2.5%. Now only Bitcoin, Ethereum (ETH), and Solana (SOL) also experienced a downside momentum of 5% and 7.5%, respectively.
#Write2Erarn #BTC
