EtherFi Token Prices Drop After Highly Anticipated Binance Launchpad Debut

• ETHFI token falls 20% to $3.60 after debuting at $4.13 via Binance Launchpad distribution • Initial market cap was $4.13B, now $3.6B with 115.2M circulating supply out of 1B total • Over $12B staked on Binance Launchpad; stakers got ETHFI allocation based on amount staked • Part of largest liquid ETH restaking protocol Ether.Fi; TVL up 117% last 30 days, nearing $3B • Token distribution includes 32.5% to investors over 2 years, 23.26% to core contributors over 3 years