Wu said that, according to Spot On Chain monitoring, in the past 14 hours, two more whales/institutions deposited 16.38 million ENA (19.4 million USD) into CEX. The multi-signature address "0xc69" deposited 10 million ENA (11.9 million USD) to 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 before the price drop, this address frequently reduced its ENA holdings 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) to 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 holds 4.45 million ENA (5.17 million USD), with an expected total profit of 2.64 million USD (+26%).