Foresight News reports that according to Spot On Chain monitoring, in the past 14 hours, two whales/institutions transferred 16.38 million ENA (19.4 million USD) to CEX. A multi-signature address starting with 0xc69 deposited 10 million ENA (11.9 million USD) to Bybit 13 hours ago and still holds 124.7 million ENA (approximately 144 million USD), most of which is staked. This multi-signature address frequently sold ENA before the price drop and seems to share the same Bybit deposit address with BitMEX founder Arthur Hayes.
Additionally, Galaxy Digital deposited 6.38 million ENA (7.49 million USD) to Binance at an average price of 1.173 USD. They withdrew 10.9 million ENA from Binance at an average price of 0.925 USD on December 5, 2024, and currently hold 4.45 million ENA (5.17 million USD), expecting a total profit of 2.64 million USD (+26%).
