According to Odaily, Arkham's monitoring has revealed that an ENS multi-signature contract address has unlocked 248,227 ENS tokens from the ENS time-lock contract today. These tokens are estimated to be worth around $7.89 million.
As of now, this multi-signature contract address holds a total of 4,377,000 ENS tokens. The value of these tokens is approximately $139 million. The unlocking of such a significant number of tokens indicates a substantial movement within the ENS market.
The ENS multi-signature contract address and its activities play a crucial role in the ENS market. The unlocking of these tokens could potentially impact the market dynamics. However, the specific effects of this unlocking remain to be seen. The current holdings of this address underline its significant position within the ENS market.