Crypto whales are making significant purchases on Binance last week’s altcoin listing.
According to on-chain analysis platform Spot On Chain, crypto whales have accelerated their purchases of ether.fi (ETHFI).
Four of the project’s top 5 whales took action on March 27, purchasing 1 million ETHFI worth $5.4 million at a cost of $5.2. Whales made the purchases through Binance and KuCoin.
Currently, these 4 whales hold 12.2 million ETHFI worth $76.6 million, equivalent to 10.6% of the total supply.
Listed on Binance as the 49th Launchpool project, ETHFI has managed to attract investors’ attention from day one with its decentralized staking protocol feature.
According to CoinGecko data, ETHFI, which has shown a 30% rise in the last 24 hours, reached $6.40, its all-time high. ETHFI is currently trading at $6.20.
