🚨 Binance initiates buyback of $6.3B hacked tokens. Onchain data reveals wallets linked to Ethena transferred 128.63M ENA (~$24M) to the exchange. This movement signals potential market supply shift as Binance aims to recover lost assets.
Market Implication: Increased ENA supply on Binance could pressure price downward unless absorbed by demand.
💭 Is this buyback a sign of confidence or a precursor to further ENA supply flooding the market?
$ENA #TradingSignal #CryptoAnalysis
Market Implication: Increased ENA supply on Binance could pressure price downward unless absorbed by demand.
💭 Is this buyback a sign of confidence or a precursor to further ENA supply flooding the market?
$ENA #TradingSignal #CryptoAnalysis
