On-chain update: The Binance hacker has completely sold off their positions in UNI, AAVE, LINK, and PEPE, dumping a total of $127 million on DEXs.
The selling pressure on these four assets has largely cleared, so a rebound from here wouldn’t be surprising.
But $ENA is a completely different story: $35 million worth of tokens are still waiting to be sold, while its DEX liquidity is only $7 million.
The selling pressure on these four assets has largely cleared, so a rebound from here wouldn’t be surprising.
But $ENA is a completely different story: $35 million worth of tokens are still waiting to be sold, while its DEX liquidity is only $7 million.