ETHFI Team Deposits $2 Million Worth of ETHFI on Binance

IconCryptoNewsTerminal Staff18 Jul, 2024

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ETHFI Team Deposits $2 Million Worth of ETHFI on Binance

On-chain analytics expert The Data Nerd recently reported on Twitter that the ETHFI team address had deposited 800,000 ETHFI ($2.03 million) to Binance approximately four hours prior to their announcement. The move brings the total ETHFI held by the team address on Binance to 7.94 million ETHFI, valued at $18.58 million. This development is significant because it suggests that the ETHFI team may be preparing for a major event or announcement. It could also indicate that the team is confident in the long-term prospects of ETHFI and is willing to hold a substantial amount of the token on a centralized exchange.

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