Ethereum Hits $4,000, But Whales Begin Offloading ENA, MKR, And ONDO
Ethereum ($ETH) has finally reached the $4,000 mark, a milestone the market has eagerly anticipated. However, this bullish movement has also triggered significant sell-offs, with whales beginning to offload their holdings. In the past 24 hours alone, approximately $13.86 million worth of ENA, MKR, and ONDO tokens have been deposited into major exchanges, signaling potential sell pressure. Key Whale Movements: 1. Arthur Hayes’ Linked Address: An address associated with Arthur Hayes deposited 2.65 million ENA tokens into Bybit just four hours ago. At the time of the transfer, these tokens were valued at $3.13 million. 2. Large MKR Deposit: Another notable transaction came from address 0x97d…02cF2, which moved 2,561 MKR—worth approximately $5.02 million—into Binance. This position was opened six months ago, and if sold at current prices, it would result in a loss of $1.305 million. 3. ONDO Profit Play: […]
