one wallet that has done this exact move before just did it again: 0x28c6…1d60 pulled $119K onto Binance, and the last time it withdrew $ENA from Binance the coin barely moved for 8 hours after.

this time it's part of a bigger $1.8M wave hitting Binance and Gate in the last hour, biggest single piece $3.9M from one wallet, while price sat flat +0.4% over 4h before the 24h candle went red. smart money's been net distributing too, -$997K over 30d.

coins on exchanges can be sold, doesn't mean they will. go trace the $3.9M leg yourself, it's sitting in the thread.

repeat offender pulling size in, or dead money that does nothing again. which one are you betting on?