The reason for ETHFI’s surge revealed
Recently, a new star in the currency circle, ETHFI, has attracted much attention, and its price has soared, making many investors shine. So, why is ETHFI so strong? Next, let us uncover the mystery of its surge.
First of all, we noticed an interesting phenomenon: in just the past 22 hours, four of the top five holders of ETHFI have withdrawn large amounts of ETHFI from well-known trading platforms such as Binance and KuCoin. They withdrew a total of 1.036 million ETHFI, worth up to US$5.4 million! It's like a few mysterious rich people suddenly buying up goods at an auction, attracting the attention of the entire market. Such large withdrawals and transfers often mean that these big players are confident in the future of ETHFI. Their actions undoubtedly inject strong confidence into the market and promote the increase in the price of ETHFI.
Secondly, we also need to pay attention to another important set of data: market makers hold a large amount of ETHFI. According to statistics, four market makers hold a total of 12.2 million ETHFI in their wallets, worth up to US$76.6 million. This means they account for 10.6% of the circulating supply of ETHFI tokens. Market makers are an important force in the market. They hold a large number of tokens and regulate the supply and demand relationship in the market through buying and selling. Today, the amount of ETHFI in their hands is so large, which is enough to show their optimism and trust in ETHFI. This trust has also been passed on to the market, causing more investors to start paying attention to and buying ETHFI, further driving up its price.
Finally, there is another factor that cannot be ignored: ETHFI’s reward mechanism. This mechanism is like a great gift to investors, allowing them to obtain additional income while holding ETHFI. This reward mechanism has greatly stimulated investors' enthusiasm and attracted more funds to flow into the ETHFI market. With the support of these funds, the price of ETHFI will naturally rise.
To sum up, the reason why ETHFI can soar is inseparable from the confidence injection of big players, the strong support of market makers and the attractive reward mechanism. Of course, this is just the tip of the iceberg we have seen. There may be more stories and potential behind ETHFI waiting for us to discover.For newbies in the currency circle, paying attention to popular projects like ETHFI can not only increase the diversity of investments, but also continuously accumulate experience and wisdom in the learning process. Let us look forward to the wonderful performance of ETHFI in the future!
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