Whales are accumulating significant amounts of ENA, the governance token of Ethena Labs. This recent surge in whale activity suggests growing investor confidence in Ethena's potential.
One whale recently withdrew over $24 million worth of ENA from Binance, indicating a long-term bullish view on the project. This activity follows Ethena's launch of its governance token, which grants holders voting rights on the future direction of the platform.
The ENA token's price has also responded positively to this whale activity, experiencing a recent rally. This trend suggests that ENA could be an attractive investment opportunity for those interested in the governance token space.
Stay tuned for further updates on ENA's development!
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