#WHALES ARE BUYING đ đ đ
Crypto whales are reportedly increasing their Ethena ($ENA) holdings amid the growing bullish momentum in the market. As per Lookonchain, a prominent on-chain analytics firm, a whale has redeemed 13.65M ENA tokens from Binance. This move highlights an increasing confidence in $ENAâs future price trajectory.
Whales are accumulating $ENA.
Over the past 3 days, this newly created wallet has withdrawn 13.65M $ENA($13.42M) from #Binance.https://t.co/yVzvPAUlYG pic.twitter.com/warF4CflA8
â Lookonchain (@lookonchain) December 20, 2024
Whale Accumulation of ENA Surges Amid the Increasing Bullish Outlook
Lookonchain disclosed the latest ENA accumulation event in an exclusive X post. The platform mentioned that the above-mentioned crypto whale has been engaging in an accumulation spree over the last 3 days. In this respect, this big asset holder created a new wallet to redeem the tokens. In total, the whaleâs withdrawal accounts for an amount of up to $13.42M. The whale extracted this staggering amount from the prominent crypto exchange Binance.
In addition to this, the crypto sector has recently been seeing investorsâ doubled-down interest in $ENA. They have been increasing their $ENA holdings to capitalize on a potential price surge in the coming time. Additionally, the rising demand for will likely contribute a lot to push the price to further heights.
Crypto Onlookers Anticipate a Price Run for ENA Amid the Supportive Market Conditions
According to Lookonchain, there is a wider trend among the whales to accumulate $ENA while market onlookers are optimistic. Based on the speculations, the $ENA token has a significant potential for growth. The overall supportive market conditions may help trigger its next price surge. At the moment, the crypto token is changing hands at up to $0.9204.
