Ether.fi Token Price Plummets After Scheduled Unlock

Ether.fi (ETHFI) plummeted by 8.17% in the last 25 hours, causing concern among investors.

According to CoinMarketCap, a small scheduled token unlock of about 1.5M ETHFI, roughly 0.15% of circulating supply, added marginal sell pressure.

The token unlock increased the free float, which can put downward pressure on price when demand is flat or fading.

Traders often front run unlocks by shorting or taking profits ahead of time, then covering later, concentrating selling into a narrow window.

ETHFI has significant prior gains, so many holders are sitting on profits and may be more willing to sell newly unlocked tokens or hedge exposure.