According to Arkham monitoring data, the ether.fi team has again transferred 3.5 million ETHFI to address 0xB20, valued at approximately $2.28 million. This address received 1.255 million ETHFI about 12 months ago and is suspected to be a smart contract address with vesting unlock functionality. This means ether.fi currently has nearly 5 million ETHFI available for free use, none of which have been staked.
ether.fi team transfers 3.5M ETHFI, worth $2.28M, to address 0xB20
TechFlowShare
Summary
The ether.fi team transferred 3.5 million ETHFI ($2.28 million) to address 0xB20. This follows a previous transfer of 1.255 million ETHFI to the same address 12 months ago. Address 0xB20 is likely a smart contract with vesting unlock functionality. This movement brings ether.fi’s total ETHFI holdings to nearly 5 million, none of which have been staked. Crypto news platforms such as TechFlow and Arkham are monitoring the inflationary implications of this token movement.
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