In recent developments, EtherFi, Renzo, and AltLayer have collectively airdropped approximately $5 million in tokens to EigenLabs employees, according to CoinDesk.
The airdrop figures reveal significant token distributions across these platforms, which have also seen notable trading activity.
EtherFi distributed 10,491 $ETHFI tokens to each of 44 addresses, amounting to a total of 461,600 $ETHFI. At its peak, this sum was valued at $3.69 million. However, on-chain data shows that 31.2% of these tokens have already been sold.
AltLayer’s airdrop saw 46,512 $ALT tokens given to each of 37 addresses, resulting in a total of 1.72 million $ALT, which was valued at $1.16 million at its highest point. So far, 32.4% of the $ALT tokens have been sold.
According to @CoinDesk, #EtherFi, #Renzo, and #AltLayer airdropped about $5M worth of tokens to #EigenLabs employees.
On-chain data shows:#EtherFi airdropped 10,491 $ETHFI to each of 44 addresses, totaling 461,600 $ETHFI($3.69M at peak), with 31.2% of $ETHFI already sold.… pic.twitter.com/y8J7Axowu6
— Lookonchain (@lookonchain) August 16, 2024
Renzo’s airdrop allocated 66,667 $REZ tokens to each of 27 addresses, totaling 1.8 million $REZ. The peak value of these tokens was $500,000, with 33.6% already sold.
Some Top Wallet Transfer 1.323 Million $ETHFI
In a related development, a prominent wallet, suspected to be associated with the EtherFi project, made headlines by transferring 1.323 million $ETHFI—approximately $1.88 million—to Binance.
$ETHFI – Wallet 0x57cc (https://t.co/RgSNQZ9ZwS) (may belong to @ether_fi project) just transferred $1.88M ETHFI to #Binance 45m ago
5 months ago, he received 10M $ETHFI ~ $65.2M from project’s contract. Until now, 4.19M ETHFI ~ $8.19M has been deposited to Binance. pic.twitter.com/1clF8KKwRn
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) August 16, 2024
This wallet, which received 10 million $ETHFI roughly five months ago, has since deposited 4.19 million $ETHFI, valued at around $8.19 million, to Binance. The wallet still retains a substantial balance of 5.735 million $ETHFI, worth about $8.26 million.
3 hours ago, a wallet (received 10M $ETHFI 5 months ago), deposited another 1.323M $ETHFI (~$1.88M) to #Binance.
Just now, this wallet still has 5.735M $ETHFI (~$8.26M).
Address:https://t.co/yWRXsxcBJi pic.twitter.com/rVFziAsx46
— The Data Nerd (@OnchainDataNerd) August 16, 2024
These movements reflect ongoing trading and liquidity adjustments within the crypto markets, highlighting the significant financial activity surrounding these airdropped tokens.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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