🚨 A whale has completely liquidated its ENA holdings! All 102 million tokens were transferred to Coinbase, worth $15.6 million. After holding for two years, they finally chose to exit!
A major investor has made another move—this time, it’s ENA!
According to monitoring by Lookonchain, a whale wallet transferred all of its remaining 102 million ENA to Coinbase over the past two days, worth approximately $15.6 million at current prices.
Even more noteworthy, this whale received 142.92 million ENA from Ethena two years ago, worth about $69.69 million at the time.
The entire batch of tokens has now been sold at an average price of around $0.24.
In other words, a major investor who once held nearly $70 million worth of ENA has now completely exited.
🧠 My take: A whale liquidating their holdings doesn’t necessarily mean ENA is about to fall, but the market absolutely can’t ignore this steady release of tokens.
In particular, the arrival of over 100 million tokens on an exchange means potential selling pressure warrants caution. If buying demand can’t keep up, the price could come under pressure in the short term.
However, what really matters isn’t blindly shorting just because a whale made a transfer—it’s watching subsequent exchange inflows, trading volume, and whether the price can hold steady.
📌 The key things to watch next are whether ENA can absorb this selling pressure and whether other major holders follow suit and reduce their positions.
Remember: retail investors watch price swings, while seasoned traders pay closer attention to whose hands the tokens are moving from and to! 🐳$AAPLB $ENA $SNDK
A major investor has made another move—this time, it’s ENA!
According to monitoring by Lookonchain, a whale wallet transferred all of its remaining 102 million ENA to Coinbase over the past two days, worth approximately $15.6 million at current prices.
Even more noteworthy, this whale received 142.92 million ENA from Ethena two years ago, worth about $69.69 million at the time.
The entire batch of tokens has now been sold at an average price of around $0.24.
In other words, a major investor who once held nearly $70 million worth of ENA has now completely exited.
🧠 My take: A whale liquidating their holdings doesn’t necessarily mean ENA is about to fall, but the market absolutely can’t ignore this steady release of tokens.
In particular, the arrival of over 100 million tokens on an exchange means potential selling pressure warrants caution. If buying demand can’t keep up, the price could come under pressure in the short term.
However, what really matters isn’t blindly shorting just because a whale made a transfer—it’s watching subsequent exchange inflows, trading volume, and whether the price can hold steady.
📌 The key things to watch next are whether ENA can absorb this selling pressure and whether other major holders follow suit and reduce their positions.
Remember: retail investors watch price swings, while seasoned traders pay closer attention to whose hands the tokens are moving from and to! 🐳$AAPLB $ENA $SNDK
