ENA Hits $1 Again, Large Whale Movements Spark Market Buzz
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. https://twitter.com/ai_9684xtpa/status/1867492808711712800 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 […]