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CryptoUpdated•Originally published 12 April 2026•Updated 13 April 2026•

1 min read

ETHFI Plunges After Whale Dumps $1.5M Worth of Tokens

A polygonal whale swims above scattered cryptocurrency coins, including Bitcoin, Ethereum, and Ripple, against an orange background with downward charts and "-70%" text. A large "SIREN" Bitcoin coin i

Key Facts

1A whale dumped 3.6 million ETHFI tokens for $1.5 million, causing the token's price to drop.

The price of Ether.fi's ETHFI token experienced a significant decline after a major holder executed a large-scale sell-off of 3.6 million tokens worth approximately $1.5 million. This substantial transaction created intense selling pressure, pushing the token to test its key support level around $0.40. The sell-off occurred amid broader pressures on the Ethereum ecosystem, with 570,000 ETH being unstaked from the network, impacting liquidity. The price of the underlying Ethereum asset also dipped by 2.2%, adding to the strain on related assets like ETHFI. The concentrated disposal represents one of the largest single-entity sales since the token's launch, raising concerns about near-term price stability. The event highlights the vulnerability of altcoin prices to major actions by key stakeholders and to wider market conditions.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: The report has been updated with new information about 570,000 ETH being unstaked and a 2.2% dip in Ethereum's price, providing broader context for ETHFI's weakness.