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Onchain Research - TheDatafi
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Bearish
2 hrs ago, wallet 0x5b30 deposited 8.23M $ENA ~ $3.22M, into #gate This amount was just unstaked by him 4 hrs prior. It is known that he withdraws $100K - $200K worth of ENA from Bybit and Gate a few times per week, and then proceeds to stake it afterward. He has been performing this series of actions over the past 2 months since 12/05 (ENA has decreased by 46% during this period), with his total withdrawal from #CEX of 8.23M ENA at an average price of 0.548. If the entire deposit amount made today was to be sold, the wallet would incur a loss of -$1.31M on the ENA. đŸ„șđŸ„ș #DataFi #icrypto $ETHFI {spot}(ETHFIUSDT)
2 hrs ago, wallet 0x5b30 deposited 8.23M $ENA ~ $3.22M, into #gate

This amount was just unstaked by him 4 hrs prior. It is known that he withdraws $100K - $200K worth of ENA from Bybit and Gate a few times per week, and then proceeds to stake it afterward.

He has been performing this series of actions over the past 2 months since 12/05 (ENA has decreased by 46% during this period), with his total withdrawal from #CEX of 8.23M ENA at an average price of 0.548.

If the entire deposit amount made today was to be sold, the wallet would incur a loss of -$1.31M on the ENA. đŸ„șđŸ„ș

#DataFi #icrypto $ETHFI
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