According to ChainCatcher, monitoring by on-chain analyst Ember shows that the price of ENS tokens has soared 114% in the past week, from $20 to more than $40. This rise has triggered profit-taking by institutional investors, and market trends are worth paying attention to.

First, Blockchain Capital transferred 52,800 ENS (about $2.25 million) to Bybit two hours ago, which was the first time the institution sold ENS. It is understood that they accumulated 645,800 ENS at a price of $16 between 2022 and 2023.

Secondly, an address that received 180,000 ENS from ENS Cold Wallet in April transferred 50,000 ENS (about $2.13 million) to Binance three hours ago. These trading activities show the market's interest in ENS and potential price volatility risks.