An astounding profit turnout was recently reported by a Binance user. As specifically observed by blockchain monitor @ai_9684xtpa, a single address marked as 0x5aB transferred a staggering 6.26 million ENA from Binance, valued at roughly US$5.66 million.
The impressive haul came amidst a short-term rebound for ENA, with the action executed at an average ENA price point of US$0.84. Remarkably, within a span of six hours following the transfer, all the ENA holdings were pledged into Ethena. The strategic move resulted in the stake appreciating by nearly 10% in just a fleeting period.