Ether.fi Foundation Proposes $50M ETHFI Buyback Below $3

The Ether.fi Foundation proposed allocating up to $50 million from its treasury to buy back ETHFI tokens when the price falls below $3, The Block reported on Oct. 31. The proposal authorizes open market purchases at spot prices under the $3 threshold, with ETHFI trading at approximately $0.93 on Oct. 31, down over 89% from its 2024 peak. The buyback mechanism links execution directly to a price trigger rather than fixed schedules or budget cycles.