🚨 DORMANT $ENA INSTITUTIONAL WALLET MOVES 14M TOKENS TO EXCHANGE AFTER TWO YEARS! 🏦
An address tied to Ethena just transferred 14M $ENA valued at $2.41M onto a top-tier exchange after two years of complete silence. 🔍 This entity originally accumulated at $0.4928 for $6.89M, absorbing an institutional drawdown of over $4.4M on this transfer.
When legacy project-linked holdings dump into exchange order books, it creates an immediate supply overhang that tests institutional bid depth. 📊 Structure traders should monitor whether lower timeframe demand zones can absorb this sell pressure or if a liquidity sweep is incoming.
💡 Is smart money preparing for a final capitulation sweep, or will buyers absorb this supply without breaking market structure? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ENA #Ethena #SmartMoney #Crypto #Altcoins
🦈 🛡️
An address tied to Ethena just transferred 14M $ENA valued at $2.41M onto a top-tier exchange after two years of complete silence. 🔍 This entity originally accumulated at $0.4928 for $6.89M, absorbing an institutional drawdown of over $4.4M on this transfer.
When legacy project-linked holdings dump into exchange order books, it creates an immediate supply overhang that tests institutional bid depth. 📊 Structure traders should monitor whether lower timeframe demand zones can absorb this sell pressure or if a liquidity sweep is incoming.
💡 Is smart money preparing for a final capitulation sweep, or will buyers absorb this supply without breaking market structure? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #ENA #Ethena #SmartMoney #Crypto #Altcoins
🦈 🛡️
