Two Big Traders Withdraw $6M in ENA from Exchanges: A First Move
In a notable market shift, two significant traders, operating from wallets 0x4ed and 0x0f8, have jointly withdrawn 19.05 million ENA tokens, valued at $6.03 million, from Binance and Bybit. This marks the first time these wallets have made such a move, occurring over the past 15 minutes at an average price of $0.317 per token.
Trader 0x4ed led the withdrawals, moving 11.583 million ENA ($3.676M), followed by a test transaction of 870 ENA to a newly identified wallet (0xb11). Meanwhile, trader 0x0f8 withdrew 7.465 million ENA ($2.357M), further contributing to the sizable withdrawal.
The market is now watching closely as these moves could signal a larger shift in strategy for these high-volume traders.
Addresses:
Trader 0x4ed withdrawing: 0x4ed36f7a26a07d387fd2f201842829e4f29ddb1d
New address: 0xb11274a37f0db2dc564f84a58950f6806fa3c592
Trader 0x0f8 withdrawing: 0x0f896345b538ac140ac84f3367a65a34efd8fcbf
