After six months, ENA has reclaimed the $1 mark, and significant whale activity has started to stir the market.
A second major wallet suspected of liquidating a large number of ENA tokens has emerged since yesterday.
Crypto user Wanye Kest (Twitter handle: @Wanyewest69) recently deposited 5.006 million ENA tokens, valued at $5.47 million, into Binance. This transaction occurred 14 hours ago and is widely believed to signal a potential sale. Over the past nine months, Kest has staked a total of $9.19 million with Ethena, indicating substantial involvement in the ecosystem.
AVA(Travala) 项目方关联地址过去 15 小时内累计向 #Binance 充值 60 万枚 AVA（约 156 万美金），充值均价 $2.6💡这是该地址的首次转出 / 卖出操作
该地址曾在一年前收到项目方转移的 821 万枚代币（占代币流通总量的 14.57%）；过去 11 个月又陆续以均价 $0.7497 从币安提出 176 万枚代币（约 132… https://t.co/ihwi5jdZFi pic.twitter.com/uo4BPouYa0
— Ai 姨 (@ai_9684xtpa) December 13, 2024
Yesterday, $6.94 million worth of ENA was similarly transferred into Binance, further fueling speculation of large-scale selling. These movements have coincided with increased volatility in the token’s price, which appears to be tied to whale behavior.
This particular address has a history of major interactions with the ENA ecosystem. It staked 41.95 million USDe on Ethena and received 4.35 million ENA tokens through airdrops during Season 1, which were valued at $7 million at the time. Since achieving a ranking in the top 2,000 during Season 2, the address continues to receive weekly token unlocks, adding to its substantial holdings.
「08.05 暴跌抄底 ETH 获利 127 万美金」一小时前将价值 694 万美金的 $ENA 充值进了 #Binance，疑似抛售🧐
该地址曾向 Ethena 质押 4195 万枚 USDe，在 Season1 中获得 435 万枚 ENA 空投，当时价值 700 万美金；由于 Season2 排名前 2000，目前仍在按周解锁中
钱包地址 https://t.co/fgLZj3vPIh pic.twitter.com/8TamCAK0Ta
— Ai 姨 (@ai_9684xtpa) December 12, 2024
As ENA regains traction in the market, these whale movements have sparked intense interest and discussion among investors. With a return to $1 and ongoing high-value transactions, the market is closely watching how these activities will influence the token’s trajectory in the coming days.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.