A cryptocurrency whale invested $3.7 million in one of the popular altcoin projects of recent times.
According to data from on-chain analytics platform Lookonchain, a newly created wallet purchased 3.29 million Ethena (ENA) tokens, worth $3.78 million, from the Binance exchange on around Dec. 17.$ENA
It is known that recently, wallets belonging to the Trump family and famous investor Arthur Hayes have also invested in Ethena, further increasing the interest in the project.
Such large-scale withdrawals are usually closely monitored by investors and analysts. Especially large amounts being moved from centralized exchanges to cold wallets may indicate that investors are adopting a long-term holding strategy and may signal a potential price movement in the market.
Given Ethena’s (ENA) recent performance, this major withdrawal could have a significant impact on the market. Investors continue to watch closely for the impact of such large transfers on the price.
ENA, which has lost 2% in value in the last 24 hours, is trading at $1.16 at the time of writing.
