ETHFI Price Soars on Tokenomics Overhaul and Whale Accumulation
Ether.fi (ETHFI) has seen its price surge by 16.48% in the last 24 hours, reaching $0.7046 and a market cap of $679.7 million. This move is primarily attributed to a tokenomics overhaul implemented by Ether.fi, which switches card cashback rewards from USDC to ETHFI and tightens staking tier requirements.
The change in cashback currency directly increases demand for ETHFI as users who receive rewards must either hold or sell the token before spending it. Tightened staking tiers also incentivize users to accumulate and hold ETHFI, rather than selling it, as they face higher balances required for premium protocol tiers.
Whale accumulation at the $0.59-$0.60 zone has also contributed to the rally's acceleration over the past 48 hours, with a breakout above this level triggering momentum-driven buying that amplified the structural catalyst into a double-digit single-day move.