Arkham monitoring data shows that an address labeled as belonging to the ether.fi team has transferred another 3.5 million ETHFI to address 0xB20, with the tokens valued at about $2.28 million. The same destination address received 1.255 million ETHFI roughly 12 months ago. According to the report, that address is suspected to be a smart contract address with vesting and unlock functions attached. Based on the disclosed figures, ether.fi now has close to 5 million ETHFI that can be freely deployed, and those tokens have not been staked. The update was first carried by ChainCatcher as a brief market-moving on-chain alert.
ChainCatcher reported that Arkham monitoring data shows an address labeled as belonging to the ether.fi team has again transferred 3.5 million ETHFI to address 0xB20, with the tokens valued at about $2.28 million.
The destination address received 1.255 million ETHFI roughly 12 months ago and is suspected to be a smart contract address tied to vesting and unlock functions. Based on the disclosed information, ether.fi now has close to 5 million ETHFI available for free use, and the tokens have not been staked.
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