CoinVoice has recently learned that, according to Spot On Chain monitoring, over the past 14 hours, two large whales/institutions have 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 appears to share the same Bybit deposit address with Arthur Hayes (founder of BitMEX). Six hours ago, Galaxy Digital deposited 6.38 million ENA (7.49 million USD) to Binance at a price of $1.173. They withdrew 10.9 million ENA from Binance at a price of $0.925 on December 5, 2024, and still hold 4.45 million ENA (5.17 million USD), expecting a total profit of $2.64 million (+26%). [Original link]
