Wu said that according to Spot On Chain monitoring, in the past 14 hours, two more whales/institutions have deposited 16.38 million ENA (19.4 million USD) into CEX. A multi-signature address '0xc69' deposited 10 million ENA (11.9 million USD) into Bybit 13 hours ago, with a remaining balance of 124.7 million ENA (approximately 144 million USD), most of which is staked; it is worth noting that this address frequently reduced its ENA holdings before the price drop and seems to share the same Bybit deposit address as Arthur Hayes (founder of BitMEX). Six hours ago, Galaxy Digital deposited 6.38 million ENA (7.49 million USD) into Binance at an average price of 1.173 USD. It withdrew 10.9 million ENA from Binance at an average price of 0.925 USD on December 5, 2024, and currently still holds 4.45 million ENA (5.17 million USD), with an expected total profit of 2.64 million USD (+26%).